AFSA launches consultation on proposed amendments to the AIFC Fees Rules

The Astana Financial Services Authority (AFSA) has opened a consultation on proposed amendments to the AIFC Fees Rules aimed at enhancing transparency, predictability and proportionality of the regulatory fee framework within the Astana International Financial Centre (AIFC).

The proposed amendments build on feedback received during previous consultations on amendments to the AIFC Fees Rules and reflect AFSA’s ongoing commitment to maintaining a sustainable and effective supervisory framework. 

The key proposals include the introduction of a medium-term fee model under which fees would increase gradually on an annual basis during the 2027 – 2029 period. The proposed approach is intended to provide greater transparency and predictability by setting out applicable fees for each year in advance, enabling Centre Participants to better incorporate future regulatory costs into their business planning. 

The consultation also proposes targeted amendments to the fee framework based on stakeholder feedback, including: 

• Removing the variable component of the annual supervision fee for firms holding a Providing Money Services licence; 

• Revising the cap applicable to the variable component of the annual supervision fee for Operating a Loan Crowdfunding Platform and Operating an Investment Crowdfunding Platform licences; 

• Amending the late fee regime by removing the current three-business-day grace period for late regulatory submissions to encourage timely compliance with reporting obligations; 

• Introducing registration fee for Sub-Funds of Umbrella Funds to better reflect the supervisory resources required; and 

• Making technical, editorial and consequential amendments to improve the clarity and consistency of the Fees Rules. 

AFSA encourages all stakeholders to review the Consultation Paper, available here, and to submit feedback by  20 August 2026 by e-mailing to [email protected]. All responses will be carefully considered before the final framework is confirmed. 

Reference:  

The Astana Financial Services Authority (AFSA) is the independent regulator of the Astana International Financial Centre (AIFC), 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. afsa.kz  

The Astana International Financial Centre (AIFC) is an independent jurisdiction where investors and businesses meet emerging opportunities of Kazakhstan and Central Asia in a transparent and sustainable environment backed by the principles of English Common Law. aifc.kz  

Public Relations and Communications Division of AFSA, [email protected]