AIFC hosts Almaty financial forum within the framework of World Investors Week
The Astana International Financial Centre (AIFC) together with the Almaty Akimat is hosting the Almaty Financial Forum as part of the World Investors Week.
The World Investors Week is held annually under the auspices of the International Organization of Securities Commissions (IOSCO) in 80 countries of the world, with the AIFC as the partner of the event in Kazakhstan.
The AIFC World Investors Week is held in the format of presentations and informational sessions for academic and business circles and the program covers 6 cities of Kazakhstan, such as Petropavlovsk, Aktau, Karaganda, Turkestan, Almaty and Nur-Sultan.
The purpose of the event is to increase public awareness about the protection of consumers of financial services, informing about the basics of investing and the conditions for doing business in the AIFC. The World Investors Week reflects AIFC’s commitment to the IOSCO standard for the protection of consumers of financial services.
The Almaty Financial Forum, where Akim of Almaty Bahytzhan. Sagintayev and the AIFC Governor Kairat Kelimbetov delivered welcoming speeches, gathered representatives of the city’s business community on their site.
As the AIFC Governor Kairat Kelimbetov noted, the joint use of the capabilities of Almaty and the AIFC infrastructure is a good combination that the financial centre could offer to the Kazakhstan business community and the global investment community.
During the forum, the protection of consumers of financial services, the AIFC business opportunities, the peculiarities of issuing green and Islamic bonds, the benefits and the procedure for registering with the AIFC, and the educational programs of the Centre were described in detail.
The Astana Financial Services Authority noted the important role of the AIFC in protecting investor interests. AIFC speakers also touched upon the interaction of the financial centre with the regions, in particular, using the AIFC site and expertise for the implementation of Almaty based projects.
AIFC participants who represent such large corporations of the world as Sberbank of Russia, China’s largest bank China Construction Bank, Wildberries, Ernst & Young and others shared their experience of doing business in the AIFC.
Lectures were held for students and faculty of regional universities in order to form a financial and investment culture of youth and academic circles and information events about the basics of investment were the framework of World Investors Week. A special seminar was also organized for civil servants – students of the Academy of Public Administration under the President of the Republic of Kazakhstan.
Reference:
Astana International Financial Centre (AIFC) was created at the initiative of the First President of the Republic of Kazakhstan Nursultan Nazarbayev. The constitutional law on the establishment of the AIFC was signed on December 7, 2015. AIFC’s goal is to form a leading center of financial services at the international level. The AIFC aims to assist in attracting investment in the country’s economy, create an attractive environment for investing in financial services, develop the securities market of the Republic of Kazakhstan and ensure its integration with international capital markets.
www.aifc.kz
AFSA is an independent regulator of the AIFC, a legal entity created in accordance with the Constitutional Law of the Republic of Kazakhstan “On the Astana International Financial Center” in order to regulate financial services and related activities in the Astana International Financial Centre. The AIFC Regulations and Rules provide for licensing, registration, accreditation and supervision of financial companies and market institutions.
International Organization of Securities Commissions (IOSCO) –an international financial organization that unites national regulatory authorities and is recognized by the global regulatory organization in the field of securities market regulation. IOSCO develops, implements and promotes compliance with internationally recognized standards for the regulation of securities. The organization actively collaborates with the G20 and the Financial Stability Board (FSB) as part of a global regulatory reform.
www.iosco.org
