Deposit Fund`s this obligation canceled


July 7, Fineko/abc.az. President Ilham Aliyev has signed a decree on the amendments to the Law on Deposit Insurance.

ABC.AZ reports that in compliance with the changes the obligation to submit the annual report and audit report of the Azerbaijan Deposit Insurance Fund (ADIF) to country’s president was canceled.

After that, the Fund will submit an annual report and an audit report to the body (institution) designated by the relevant executive authority, the Financial Market Supervisory Authority, and organizations represented on the Board of Trustees.