AFSA

01 July 2024 10:27:04

The Astana Financial Services Authority (AFSA) has issued this Consultation Paper to seek suggestions from the market on enabling trading of tokenised Investments and Qualified Investments and proposed enhancements to the AIFC Multilateral and Organised Trading Facilities Rules (“MOTF”).

The proposals in this paper will be of interest to current and potential AIFC participants dealing in tokenised Investments or Qualified Investments, Authorised Firms involved in operation of a Multilateral Trading Facility (“MTF”) or an Organised Trading Facility (“OTF”) in or from the AIFC, as well as other interested parties.

This Consultation Paper outlines several key proposals focused on:

• enabling the trading of tokenised Investments on Investment Exchanges.
• enhancements to the AIFC MOTF Rules, including general amendments and provisions for enabling the trading of tokenised Qualified Investments on MTF/OTF platforms.

We invite comments from interested stakeholders.

The deadline for providing comments on the proposed framework is 31 July 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]

The Consultation paper can be accessed via the link:

https://orderly.myafsa.com/articles/consultation-paper-afsa-p-ce-2024-0006-from-01-july-2024-on-enabling-trading-of-tokenised-investments-and-qualified-investments-and-proposed-enhancements-to-the-aifc-multilateral-and-organised-trading-facilities-rules.

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 2,700 firms from 78 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/