The Astana Financial Services Authority (AFSA) has issued the AIFC Environmental, Social and Governance (ESG) Disclosure Guidance effective from 14 October 2024.
This Guidance applies to all Banks, Fund Managers, and Insurers to support the integration of ESG factors into their operations and decision-making processes, fostering a more sustainable and responsible financial ecosystem within the AIFC.
AFSA is taking a gradual approach to the introduction of ESG disclosure practices for the financial entities in the AIFС, starting with a voluntary stage. This allows financial entities to familiarise themselves with best practices and adapt their operations and reporting processes accordingly.
Link: https://orderly.myafsa.com/articles/aifc-environmental-social-and-governance-disclosure-guidance.
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 3,200 firms from 82 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]
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