Bank Of Baku

Rules of opening of cash accounts by Azerbaijan’s investment funds approved

Rules of opening of cash accounts by Azerbaijan’s investment funds approved
# 07 December 2012 11:11 (UTC +04:00)

 

The order entrusts the execution of the rules adopted in accordance with the Law on Investment Funds on the chief of the Licensing & Supervision Department F. Ragimli and total control – on Committee’s deputy chairman I. Muradov.

 

Under the rules, cash accounts are opened for investment funds and depositories. At that, funds are free to choose the depositary, but they are not allowed to place assets outside the country.

 

 

 

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THE OPERATION IS BEING PERFORMED