AFSA

26 March 2024 15:19:55

The Astana Financial Services Authority (AFSA) has issued this Consultation Paper to seek suggestions from the market on the Proposed Enhancements to the AIFC Asset Management Framework.

The proposals in this paper will be of interest to current and potential AIFC participants who are interested in asset and fund management activities in or from the Astana International Financial Centre (AIFC).

Considering the developments in the AIFC asset management sector and insights gained during the supervision of the regulated community, this Consultation Paper contains further Enhancements to the AIFC Asset Management Framework:

1. Expanding the list of Specialist Funds:

• Credit Funds
• Digital Asset Funds
• Exchange Traded Funds
• Money Market Funds

1. Enhancements to the AIFC Venture Capital framework;
2. Application of CIS Rules to a Centre Participant which markets a Collective Investment Scheme in or from the AIFC;
3. Mandatory appointment of AFSA licensed Fund Administrator;
4. Amendments in relation to tokenised Units and Funds investing in Security Tokens or Commodity Derivative Tokens.

We invite comments from interested stakeholders.

The deadline for providing comments on the proposed framework is 26 April 2024. Once we receive your comments, we shall consider if any refinements are required to this proposal.

AFSA prefers to receive comments by email at [email protected]