The Astana Financial Services Authority (AFSA) has issued the Consultation Paper on the proposed AIFC Tokenised Commodities framework (“Framework”) to seek suggestions from the market.
The Framework consists of the proposed amendments to the current AIFC Rules and Regulations for the purpose of extending of the AFSA regulatory perimeter and bringing tokenised instruments linked to commodities under its umbrella.
The proposals in this paper will be of interest to current and potential AIFC Participants involved in stablecoin-related activities, dealing with tokenised commodities, as well as to market participants and other interested parties.
The Consultation Paper consists of:
Part I – Background;
Part II – Proposals;
Part III – Public Consultation Questions;
Annex 1 – Draft Amendments to AIFC Glossary (GLO);
Annex 2 – Draft Amendments to AIFC Digital Asset Activities Rules (DAA);
Annex 3 – Draft Amendments to AIFC Financial Services Framework Regulations (FSFR);
Annex 4 – Draft Amendments to AIFC Authorised Market Institutions Rules (AMI);
Annex 5 – Draft Amendments to AIFC Conduct of Business Rules (COB); and
Annex 6 – Draft Amendments to AIFC Fees Rules (FEES).
In the course of public consultation, existing and potential market participants are invited to comment on the questions reflect in Part III of the Consultation Paper.
The deadline for providing comments is 25 April 2024. Once we receive your comments, we shall consider if any refinements are required to this proposal.
AFSA prefers to receive comments by email at [email protected].
To get acquainted with the Consultation paper, please follow this link.