AFSA Launches Consultation on Proposed Regulatory Fee Updates
The Astana Financial Services Authority (AFSA) has opened a consultation on proposed updates to its regulatory fee framework within the Astana International Financial Centre (AIFC).
The planned changes are designed to ensure the framework remains proportionate, transparent, and aligned with the sustainable growth of the AIFC. They include an overall adjustment of fixed fees and the introduction of new variable components for certain activities, reflecting the growing scale and complexity of financial markets.
These adjustments are necessary for AFSA to continue sustaining its high-quality regulatory oversight as well as to advance new approaches, including new financial technologies and SupTech[1] for further safeguarding market integrity.
Since the fee framework was last updated in 2017, AFSA’s supervisory responsibilities have grown significantly. Today, the AIFC is home to more than 4,400 participants from over 85 countries. In the first half of 2025 alone, assets under AFSA’s supervision reached USD 1.85 billion.
“AIFC has evolved into a sophisticated financial ecosystem. To protect consumers, address emerging risks such as cyber resilience and financial crime, and maintain high standards of supervision, it is vital that our funding model keeps pace with market realities. This consultation gives stakeholders the opportunity to help shape a fair and transparent framework for the future,” said AFSA Chief Executive Officer, Evgeniya Bogdanova.
AFSA encourages all stakeholders to review the Consultation Paper, available here and to submit feedback by 2 November 2025 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), 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 4,400 firms from 85 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]
[1] the use of innovative technologies by financial regulators and supervisors to improve how they monitor and oversee financial markets and institutions.