AFSA

18 April 2024 08:22:49

The Astana Financial Services Authority (AFSA) has issued the Consultation Paper on proposals to Derivatives Framework, Enabling Margin Trading, Short Selling and High Frequency Trading to seek public’s opinion and market interest in these framework and trading methods.

The proposals in this paper will be of interest to:

1. a) Authorised Firms, such as dealers or brokers, who offer or plan to offer to their clients derivatives trading, margin trading, short selling;
2. b) Authorised Firms which arrange, advise or plan to offer such activities on derivatives trading, margin trading, short selling;
3. c) Authorised Persons who operate an exchange platform, multilateral or organised trading facilities in relation to derivatives and short selling operations;
4. d) persons interested in applying for an AFSA Licence to conduct the activities referred from a) to c) above;
5. e) Authorised Firms using high frequency trading method;
6. f) other industry participants, such as ancillary service providers or those who intend to provide such services to regulated firms from a) to e) above; and
7. g) persons who obtain, or intend to obtain, the services from firms as referred to from a) to e) above.

The Consultation Paper consists of:

Part I – Introduction;

Part II – Overview of existing markets;

Part III – Proposed Approach and Public Consultation Questions;

Part IV – Summary of Public Consultation Questions.

We invite comments from interested stakeholders.

The deadline for providing comments is 17 May 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].

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 2,500 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/ 

Contact information:

Public Relations and Communications Division of AFSA:

+7 (717) 264 73 43; +7 7172 61-37-45 email: [email protected]