AFSA is pleased to announce the adoption of amendments to the AIFC Rules No. GR009 of 2017 concerning Qualifications Necessary for Employment in the AIFC (the AIFC Rules).
These amendments aim to ensure mandatory educational and experience-based criteria for foreign nationals and stateless persons for employment within the AIFC, helping to uphold the high qualification standards crucial for maintaining the quality and integrity of the AIFC workforce.
One significant change in the amended AIFC Rules is the introduction of the AIFC Authority's ability to grant waivers and modifications from the certain requirements of the AIFC Rules in regard to foreign employees of the AIFC Participants, who are not carrying on a Controlled Function or a Designated Function under rules 2.2 and 2.3 of the AIFC General Rules.
These amendments are designed to enhance the efficiency and adaptability of the AIFC's employment framework, ensuring it continues to attract a highly qualified international workforce.
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 3,000 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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