Press releases

AFSA

20 December 2023 12:17

AFSA introduces Environmental, Social, and Governance (ESG) Fund

In a significant move towards fostering sustainable and responsible investment practices, AFSA has amended the AIFC Collective Investment Scheme Rules to introduce an Environmental, Social, and Governance (ESG) Fund as a new type of Specialist

AFSA

19 December 2023 12:19

AFSA has amended Practical Guidance to AIFC Anti-Money Laundering Framework

The amendments to the Practical Guidance provide explanations on the existing Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) requirements on AML audit imposed by AIFC AML/CTF and Sanctions Rules ( Rules ) and do not introduce any

AFSA

08 December 2023 09:49

Assets under Management at AIFC reach record high in Q3 of 2023

Assets under Management (AUM) at AIFC grew 52% in Q3 of 2023 since Q1 of the same year, reaching an all-time high of $1 bln encompassing both asset and fund managers. This constitutes an almost two-fold increase against the same period last year. The

AFSA

27 November 2023 06:36

The Astana Financial Services Authority (AFSA) and Magyar Nemzeti Bank (MNB) in agreement to enhance cooperation

The Astana Financial Services Authority (AFSA) and Magyar Nemzeti Bank (MNB) have signed a Memorandum of Understanding (MoU) on 24 November 2023 on the margins of the Budapest Eurasia Forum.This significant accord marks intention of both regulators to

AFSA

24 November 2023 12:41

AFSA and the National Agency of Perspective Projects of the Republic of Uzbekistan agree on cooperation and mutual assistance

The Astana Financial Services Authority (AFSA) and the National Agency of Perspective Projects of the Republic of Uzbekistan ( NAPP ), have signed in Tashkent a Memorandum of Understanding (MoU) that aims to foster cooperation, mutual assistance, and

AFSA

22 November 2023 07:49

AFSA publishes amendments to its Financial Services Framework Regulations

The Astana Financial Services Authority (AFSA) has revised its Financial Services Framework Regulations (FSFR) and made a number of changes to them and other relevant rules. The amendments aim to ensure that the Astana International Financial Centre

AFSA

21 November 2023 13:20

AFSA announces new Rulebook on Digital Asset Activities

The Astana Financial Services Authority (AFSA) has published its new Rulebook on Digital Asset Activities, which is taking effect on 1 January 2024.AFSA Chief Executive Officer Nurkhat Kushimov: The Rulebook was developed in close collaboration and

AFSA

17 November 2023 09:22

AFSA and the Financial Regulatory Commission of Mongolia agree on cooperation and mutual assistance

The Astana Financial Services Authority (AFSA) has signed a Memorandum of Understanding (MoU) with the Financial Regulatory Commission of Mongolia. The purpose of the MoU is to enable mutual cooperation in areas relating to sharing of information and

AFSA

10 November 2023 06:29

Branch of Asyl Tukymdy Sharuashylyk Ordabasy Sut Onymdery LLP of the AIFC falsely claims to be registered and licenced at AIFC

The Astana Financial Services Authority (AFSA) alerts the financial services community and the public to a company called Branch of Asyl Tukymdy Sharuashylyk Ordabasy Sut Onymdery LLP of the AIFC that falsely claims to be registered and licenced under

AFSA

03 November 2023 11:20

Communication regarding the situation involving the SPB Exchange - shareholder of International Trading System Limited

AFSA is closely monitoring the situation and is at the stage of assessing the degree of impact of sanctions against the SPB Exchange on the activities of International Trading System Limited (ITS).The regulator attaches paramount importance to ensuring

AFSA

02 November 2023 13:19

AFSA issues Consultation Papers on proposed amendments to the AIFC CIS Rules on ESG Funds and revised proposed amendments to the AIFC Fees Rules

The Astana Financial Services Authority (AFSA) has issued the following Consultation Papers to seek suggestions from the market on: Proposed amendments to the AIFC Collective Investment Scheme Rules on ESG Funds. It is proposed to introduce the

AFSA

30 October 2023 13:33

AFSA issues “Dear SEO Letter” addressing regulated firms engaged in the investment business

The Regulatory Office of AFSA has issued a Dear SEO Letter addressed to regulated firms engaged in the investment business (defined in AIFC Glossary as PRU Investment Firms) on selected conduct of business matters. In this letter, AFSA has shared key

AFSA

30 October 2023 07:18

AFSA and State Revenue Committee of Ministry of Finance of Kazakhstan adopt Guidance on Substantial Presence Rules

AFSA jointly with the State Revenue Committee of the Ministry of Finance of Kazakhstan has developed and endorsed the Guidance on the Rules on the substantial presence of the AIFC participants applying tax exemptions for the payment of corporate income

AFSA

16 October 2023 06:54

AFSA changes its approach to digital asset admission

AFSA has waived the requirement for cryptoexchanges and other providers licensed to operate in AFSA s Fintech Lab to seek an approval from AFSA to admit Digital Assets that are provided within a Green List to trading on their trading platforms. AFSA has

AFSA

12 October 2023 11:24

The volume of Assets under Advisory at AIFC has grown over five-fold compared to last year

In the first half of 2023 the number of fund managers at AIFC has grown to 30 (up from 25 in first half of 2022), with AIFC continuing to be the jurisdiction of choice for large firms. The dynamics of growth of fund management companies is the best