Astana Financial Services Authority and Polish Financial Supervision Authority agreed on enhancing cooperation

The Astana Financial Services Authority (AFSA) and the Polish Financial Supervision Authority (KNF) have entered into a Memorandum of Understanding (MoU).

The MoU was signed by Mr. Mukhtar Bubeyev, the Acting Chief Executive Officer of the AFSA, and Mr. Jacek Jastrzębski, Chair of the KNF.

It establishes a general framework for the KNF and the AFSA to share expertise and relevant information on financial services legislation, regulation and the regulatory practices in each market.

AFSA and KNF will cooperate with each other in the regulation and promoting bilateral ties by sharing information on material developments in the financial markets within their respective jurisdictions. The Authorities agreed to cooperate by sharing views on supervisory issues and to provide to each other relevant information in prompt and timely manner, to the extent allowed by the national legislation.

Mr. Bubeyev said: “We are delighted to sign MoU with the Polish Financial Supervision Authority on issues of common interest. This MoU will enhance cooperation and relationship between the two regulators by promoting stable and transparent financial services in our respective jurisdictions as well as contribute to strengthen investor confidence.”