AIFC Management Council
The AIFC Management Council is the supreme authority. Its main responsibilities include the definition of the main directions of development, coordination of the activities of the bodies, and assistance in creating favorable conditions
for establishing a leading international financial center.
Astana Financial Services Authority (the AFSA)
The Astana Financial Services Authority (hereinafter – the AFSA) is a legal entity which regulates financial services and operations related to financial services in the territory of the AIFC.
In accordance with procedures set by the AIFC Management Council, the AFSA:
1) develops drafts of the Council’s resolutions on the regulation of financial services and related operations in the AIFC; publishes such drafts for public discussion; and presents such drafts to the AIFC Management Council for
2) adopts acts, in the form of regulatory provisions on the regulation of financial services and related operations in the AIFC;
3) establishes the procedures for the issue, placement, trading, redemption and repayment of securities in the territory of the AIFC;
4) executes the registration, accreditation and licensing of the AIFC’s Participants;
5) maintains a register of the AIFC’s Participants;
6) executes control and supervision of the activities of the AIFC’s Participants, and takes necessary measures with regard to the AIFC’s Participants;
7) exercises other powers determined by resolutions of the AIFC Management Council.
The AFSA, within the limits of its competence as defined by the Constitutional Law and the Applicable Law, is independent of other bodies of the AIFC, state bodies, organizations, executive officials and individuals, and is accountable
solely to the AIFC Management Council and the Governor of the AIFC.