AFSA alerts the public to the regulatory status of ACLB Management Company Limited
The Astana Financial Services Authority (AFSA) seeks to provide clarification regarding the regulatory status of ACLB Management Company Limited.
While ACLB Management Company Limited is registered within the Astana International Financial Centre (AIFC), the firm is neither licensed by AFSA to provide Financial Services nor authorised to make Financial Promotions within or from the AIFC.
AFSA has become aware of the company entering into agreements to provide financial services through the platform proportunity.kz associated with Proportunity Management Company Limited, despite neither entity holding the requisite licenses. The latest warning regarding the expired licence of Proportunity Management Company Limited can be found via the link.
AFSA advises caution and recommends avoiding entering into any contractual agreements with ACLB Management Company Limited, with or without involvement of Proportunity Management Company Limited, in relation to the financial services and products it may offer.
AFSA encourages the public to check the Public Register, which contains business information on companies authorised and/or registered by AFSA. This is a crucial step to verify that a firm is properly authorised before engaging with any of its financial services or products.
Reference:
The Astana Financial Services Authority (AFSA) is the independent regulator of the Astana International Financial Centre (AIFC), which is established in accordance with the Constitutional Law of the Republic of Kazakhstan “On the Astana International Financial Centre” for the purposes of regulating financial services and related activities in the AIFC. AFSA administers the AIFC Regulations and Rules and is responsible for the authorisation, registration, recognition and supervision of financial firms and market institutions in the AIFC.
Over 3,400 firms from 84 countries are registered in the AIFC. These firms provide banking, insurance, investment, professional and other services. The range of financial services offered at the AIFC is comparable to the list of services available in long-established financial centers of the world, such as London, Hong Kong, Singapore, Dubai and others. www.afsa.kz
The Astana International Financial Centre (AIFC) is an independent jurisdiction with a favourable legal and regulatory environment and a developed infrastructure for starting and doing business, attracting investment, creating jobs and developing Kazakhstan’s economy. https://aifc.kz/
Contact information:
Public Relations and Communications Division of AFSA: +7 (717) 264 73 43; +7 7172 61-37-45 email: [email protected]
