Approved by Board decision of the Central Bank of the Azerbaijan Republic on June 16, 2010 No. 15

The instruction about rules of the address for receipt of special permission (license) and permissions to issuance of credits by the credit institutions which are not banks

1. General provisions

1.1. This Instruction is prepared according to the Laws of the Azerbaijan Republic "About the Central bank of the Azerbaijan Republic", "About the credit institutions which are not banks", other regulatory legal acts of the Azerbaijan Republic and determines form and content of addresses for receipt of special permission (license) (further - the license) and permissions to issuance of credits by the credit institutions which are not banks (dalee-KOB) and about opening of the KOB branches, having the right to acceptance of mortgage deposits, and also form of preliminary submission to the Central bank of the Azerbaijan Republic (further - the Central Bank) data on opening of the KOB branches which do not have the right to acceptance of mortgage deposits, including addresses about opening of representations of KOB of both types and the documents attached to them.

1.2. The mortgage contribution, the administrator, and also other concepts used in this Instruction are used in values which they have in the Law of the Azerbaijan Republic "About the credit institutions which are not banks" (dalee-Zakon).

1.3. The mortgage contribution can be accepted only in the presence in the license granted by KOB the Central Bank, special permission to it.

1.4. The documents submitted for receipt of licenses and permissions shall be completed with use of technical means. Documents shall be submitted in the folder. If the number of pages of documents exceeds one, they shall be hemmed and numbered, assured by the authorized signature and seal of KOB.

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