Press releases

AFSA

14 June 2022 00:00

AFSA participates in Islamic Development Bank Group (IsDB) 2022 Annual Meetings

The delegation of the Astana International Financial Centre (AIFC), headed by acting IsDB Governor for Kazakhstan and Chief Executive Officer of the Astana Financial Services Authority (AFSA) Nurkhat Kushimov, has participated in the Islamic Development

AFSA

07 June 2022 00:00

AFSA has held second Regulatory Townhall meeting

The Astana Financial Services Authority has held the 2nd Regulatory Townhall in Nur-Sultan in an online format. A number of topics were on the agenda of the Townhall. Among them are:The enhancements to the Recognition and Market Frameworks;Policy

AFSA

01 May 2022 11:35

Astana Financial Services Authority introduces fees for supervision, late filings and change of key individuals in firms, effective 1 May 2022

On 1 May 2022 the AFSA introduced fees for participants for supervision, late filings and for when firms change key individuals. These changes are stipulated in the AIFC Fees Rules and are introduced following a four-year grace period in order to allow

AFSA

18 April 2022 09:36

AFSA issues Consultation paper on Proposed Regulatory Guidance on Fitness and Propriety. Deadline for providing comments is 14 May 2022

The Astana Financial Services Authority (AFSA) has issued the Consultation Paper № AFSA-P-CE-2022-0002 to seek suggestions on the proposed Regulatory Guidance on Fitness and Propriety. According to the proposed guidance, the fitness and propriety

AFSA

05 April 2022 12:16

Practical Steps on Voluntary winding up of a Private Company under the Acts of the Astana International Financial Centre

In December 2021 a first case of voluntary winding-up of a Private Company under the acts of Astana International Financial Centre was successfully completed. This was a pilot project implemented by the AIFC Office of the Registrar of Companies and RSP

AFSA

04 April 2022 11:56

AFSA issues Consultation paper on amendments to AIFC Fees Rules, with a deadline for providing comments 29 April 2022

The Astana Financial Services Authority (AFSA) has issued the Consultation Paper #AFSA-P-CE-2022-0001 to seek suggestions from the market on the proposed amendments to AIFC Fees Rules.Introduction of fees for supervision, modifications and key

AFSA

17 March 2022 11:29

Nurkhat Kushimov appointed Chief Executive Officer of the Astana Financial Services Authority

Upon the decision of the Board of Directors of the Astana Financial Services Authority (AFSA), Nurkhat Kushimov was appointed as the Chief Executive Officer of AFSA from 18 March 2022.Bubeev, who previously held this post, was elected a member of the

AFSA

16 March 2022 15:23

The number of financial firms authorised by the Astana Financial Services Authority doubled in 2021

23 companies received a licence from the Astana Financial Services Authority (AFSA) in 2021 to carry out financial activities, which is twice as many as in the previous year. Firms under AFSA s supervision help create jobs in the banking, investment and

AFSA

22 February 2022 13:02

The AFSA adopts a Supervisory Policy Statement outlining a new approach to Branch Supervision

As expressed in the Supervisory Policy Statement on Branch Supervision, supervisory approach applied towards AIFC participants (whether it is a bank, an insurer, or an investment firm) operating as branches in the AIFC implies that the following general

AFSA

22 February 2022 12:47

WARNING TO CONSUMERS concerning Firms (Hitbeat Music Representative Office, Extrum Limited, KBI Partners Limited, S-Capital Limited) registered in the Astana International Financial Centre (“AIFC”), which are NOT authorised to conduct regulated activitie

Nur-Sultan, Kazakhstan The Astana Financial Services Authority (AFSA) informs that the following companies may have released information in the public domain that risk misleading persons into believing that these persons are authorised by the AFSA to

AFSA

26 January 2022 12:34

Astana Financial Services Authority invites to a webinar on new amendments to the AIFC Legal Entities Framework and online post-registration process

AFSA is happy to invite potential applicants, law and consultancy firms and AIFC participants to the webinar on the new amendments to the AIFC Legal Entities Framework and online post-registration process. The webinar will be held online (via Zoom) on 28

AFSA

29 December 2021 07:59

AFSA introduces series of amendments to the anti-money laundering rules

AFSA

22 December 2021 12:08

AIFC introduces a series of new amendments to the Legal Entities Framework

Astana Financial Services Authority s Registrar of Companies introduces series of amendments to the Legal Entities Framework which will come into force from 1 January 2022. These latest amendments relate to following: Extending powers of Board of

AFSA

15 December 2021 06:49

AIFC introduces limits for Retail Clients on buying and trading of Digital Assets in AIFC Authorised Digital Asset Trading Facilities

The Astana International Financial Centre (AIFC) has approved amendments to AIFC Conduct of Business Rules and Authorised Market Institution Rules. The amendments proposed by the Astana Financial Services Authority (AFSA) sets the limits to ensure a

AFSA

15 December 2021 06:14

The AIFC has introduced the Rules on the Substantial Presence of the AIFC Participants Applying Tax Exemptions for the payment of Corporate Income Tax, Value Added Tax

The Astana International Financial Centre (AIFC) has introduced a new AIFC Act, the Rules on the Substantial Presence of the AIFC Participants Applying Tax Exemptions for the payment of Corporate Income Tax, Value Added Tax.The Act was adopted by the