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LAW OF THE AZERBAIJAN REPUBLIC

of April 4, 2023 No. 854-VIQD

About modification of the Law of the Azerbaijan Republic "About banks"

Being guided by Item 27 of part I of article 94 of the Constitution of the Azerbaijan Republic, Millie DECIDES: Majlis of the Azerbaijan Republic

In the Law of the Azerbaijan Republic "About banks" (Collection of the legislation of the Azerbaijan Republic, 2004, No. 3, Article 130; 2005, No. 4, Article 276; 2007, No. 5, Article 401, No. 6, Article 562, No. 11, Article 1070; 2008, No. 11, Article 960; 2009, No. 6, Article 404, No. 7, Article 517; 2010, No. 4, Article 276, No. 10, Article 839; 2011, No. 7, Article 590; 2013, No. 7, Article 790; 2014, No. 7, Article 772, No. 12, Article 1517; 2015, No. 11, Article 1262; 2016, No. 3, Article 406, No. 6, Article 975; 2017, No. 4, Article 521, No. 11, article 1956, No. 12 (I book), Article 2227; 2018, No. 1, Article 33, No. 5, article 842, No. 7 (I book), article 1389, No. 12 (I book), Article 2466; 2019, No. 1, Articles 32, 50, No. 4, Article 599, No. 6, Article 999, No. 7, Article 1185, No. 8, Article 1365; 2020, No. 5, Article 515; 2021, No. 1, Article 8, No. 11, Article 1206, No. 12, Article 1298; 2022, No. 12, Articles 1379, 1399; the laws of the Azerbaijan Republic of December 20, 2022 No. 706-VIQD, 30 of December, 2022 No. 785-VIQD and 24 of February, 2022 No. 823-VIQD) to make the following changes to Article 41.2:

1. the second offer of the first paragraph after the word "data" to add with the words "except as specified, stipulated in Article 41 this Law".

2. paragraphs to consider the fourth or fifth respectively the fifth or sixth paragraphs and to add with the fourth paragraph of the following content:

"Data on term deposit of the foreigners or stateless persons who got permission to temporary or permanent residence in the territory of the Azerbaijan Republic by investment of money in the bank performing activities in the Azerbaijan Republic based on the agreement of term deposit are issued to relevant organ of the executive authority in the cases established by the Migratory code of the Azerbaijan Republic.".

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