Astana Financial Services Authority and Securities and Exchange Commission of Cyprus agreed to boost cooperation in capital markets

Astana Financial Services Authority (AFSA) has signed a bilateral Memorandum of Understanding and Cooperation (MoU) agreement and an Alternative Investment Fund Managers Memorandum of Understanding (AIFMD MoU) with the Cyprus Securities and Exchange Commission (CySEC).  

The signing of the MoU will enhance cooperation between the two supervisory authorities, aiming specifically to facilitate the exchange of information and technical expertise. The agreement constitutes a framework for AFSA and the CySEC to conduct efficient and effective investigations into potential violations of the legislation governing the securities market. The two Authorities will work closely together to uphold the integrity of their respective markets, safeguard the interests of investors and foster the robust development of their respective securities market.

The signing of the AIFMD MoU will enhance cooperation and cross-border supervision of Alternative Investment Fund Managers. Fund managers based outside the EU are allowed to access EU markets or perform fund management through delegation from managers of the EU.