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Sports betting operators to pay AZN 475,000 to FIMSA per year

Sports betting operator in Azerbaijan is to pay AZN 475,000 to the Financial Markets Supervisory Authority (FIMSA) per year.

According to Rules on regulation of commissions paid to FIMSA by entities controlled in financial markets, annual payment by lottery organizer was set at AZN 160,000.

 

Moreover, national operator of postal communication is to pay AZN 70,000, stock exchanges – AZN 15,000, investment companies – AZN 10,000, clearing organizations – AZN 15,000, investment funds – AZN 20,000, managers of investment funds – AZN 10,000 to FIMSA per year.

 

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