BAKU, Azerbaijan, April 24. In accordance with
the “Financial Sector Development Strategy for 2024–2026,” and to
ensure the sustainable operations of capital market participants
and enhance compliance with international regulatory standards, the
Central Bank’s Board of Directors adopted a resolution on April 1,
2026, amending the “Regulation on Sustainable Capital Requirements
for Investment Companies, Trend reports via the CBA.
The amendments include the classification of investment
companies, regulation of cases of changes in their categories, the
application of a new approach to calculating capital requirements,
as well as new requirements for liquid assets and the leverage
ratio.
The new approach to calculating capital requirements will create
conditions for more proportionate regulation of the activities of
investment companies, taking into account not only the volume of
their trading book, but also their activity in providing investment
services.
New requirements for liquid assets of investment companies and
the determination of the minimum leverage ratio serve the
sustainable development of participants carrying out intermediary
activities in the capital market.
Six months have been set for the investment companies to adapt
to the new regulatory environment. During this period, each
investment company must determine its category, inform the CBA
about this, and adapt its activities to the new regulations.
The CBA organized a presentation at the Azerbaijan Capital
Markets Association (ACMA), where discussions were held around the
new amendments approved to the regulations, and questions of
interest to sector representatives were answered.
The amendments to the " Regulations on sustainable capital
requirements for investment companies" can be found here: https://e-qanun.az/framework/61682
