Georgia

Establishes the National Bank's regulatory sandbox ('Regulatory Laboratory'), in which representatives of supervised sectors can test innovative products under controlled oversight, provided they pose no systemic risk. The Bank says the sandbox is at its real-world testing stage.

Establishes the Labour Inspection Service to ensure effective application of labour norms, with powers to inspect workplaces, impose warnings and fines, or suspend the work process (Arts. 5, 16, 20). Complainants' identities are protected (Art. 19).

Requires public interest entities and larger enterprises to file a management report with SARAS (Art. 7). Large public interest entities with more than 500 employees must include a non-financial statement on environmental, social, employment, human rights and anti-corruption matters (Art. 7(5), (8)). Matsne lists amendments to April 2026.

Sets the National Bank's objectives (price stability first, then financial stability) and functions, including supervision of the financial sector and oversight of the payment system. Article 48(1) lists the supervised entities, which include banks, microfinance organisations, brokerage companies, payment service providers and virtual asset service providers; Article 48(3) gives the Bank power to issue decrees and orders, give written instructions and apply sanctions.

Regulates the securities market with the National Bank as primary regulator. The Bank licenses brokerage activity, stock exchanges, central depositories and securities registrars (Art. 20) and handles prospectuses, substantial shareholding notifications and tender offers.

Licensing and supervision framework for commercial banks. Only the National Bank can issue a banking licence (Art. 3), administrators must meet fit-and-proper criteria (Art. 5), and acquiring more than 10% of a bank needs prior National Bank assessment (Arts. 8¹-8²). Applicants must submit credit, market, operational and AML/CFT risk management frameworks (Art. 31(5)).