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Financial Market Supervisory Authority Of The Republic Of Azerbaijan

Legal Acts

Financial Market Consumers means borowers, depositors, other consumers of bank products and services, insurance policy holder, insured, insurance beneficiaries, sufferers, as well as other participants of supervision subjects supervised by FIMSA.

Legal documents directly or indirectly related to the protection of rights and legal interests of the financial amrket consumers have broad area of coverage. This legal documents can be grouped as general, i.e. those directly dealing with protection of rights of consumers, and those related to credit organizations, insurance market and capital market. As it a practice in advanced countries, there is no unified legal acts to protect rights of consumers of these groups and the rights of financial market consumers are defined by individual legal acts.

At the same time, while reviwing applications of consumers and investors, any gaps and contradictions in the current legislation, leading to the violation their rights, results in FIMSA making proposals on ammendments and changes to the relevant legislation.

 

Consumer protection:

The Law of the Republic of Azerbaijan on Protection of Rights of Consumers

The Law of the Republic of Azerbaijan on Freedom of Information

Right on Filing an Application

The Law of the Republic of Azerbaijan on Obtaining Information

The Law of the Republic of Azerbaijan on Application of Citizens

Regulations on Processing Applications of Citizens

The Law of the Republic of Azerbaijan On Anti-Monopoly

The Law on Advertisement

Abstracts on Civil Code – Representation in Transactions

Credit Organizations:

Legislation on confidentiality of banking information

The Law of the Republic of Azerbaijan on Insuring Deposits

The Law of the Republic of Azerbaijan on Complete Insurance of Deposits

 Abstracts on Civil Code – Bank Account

 Abstracts on Civil Code – Debt

 Abstracts on Civil Code – Deposit

 Abstracts on Civil Code – Collateral and Mortgage

 Abstracts on Civil Code – Guarantor

The Law on Non-Banking Credit Organization

The Law on Banks

The Law on Mortgage

The Law on Credit Unions

Abstracts on Civil Code – Guarantee

Insurance:

The Law of the Republic of Azerbaijan On Individual State Compulsory Insurance on Military Servants

The Law of the Republic of Azerbaijan On Compulsory Insurance

 Abstracts on Civil Code – Insurance

The Law of the Republic of Azerbaijan On Insurance Activities

On Medical Insurance

Regulations on Calculation of Insurance Fees for the Compulsory Insurance of Civil Responsibilities of Owners of Transport Means

The Law of the Republic of Azerbaijan on Compulsory Insurance of Persons Working in Foreign Countries and Diplomatic Representations of International Organizations

Regulation on Defining Insurance Fees for Real Estate Compulsory Insurance

Insurance Rules on Complete Insurance of Transport Means provided to Private Individuals

Rules on Insurance of Borrowing on Credit Agreements for Private Individuals Against Cases of Death and Losing Working Abilities

The Law on Compulsory Insurance Against Losing Working Abilities for the Reason of Accidents Occupational Diseases

On Stimulation of Insurance in Agriculture

Capital Market:

Abstracts on Civil Code – Joint Stock Company

The Law of the Republic of Azerbaijan on Securities Market