AFSA

20 September 2024 12:41:01

The Astana Financial Services Authority (AFSA) has issued this Consultation Paper to seek further input on the proposed approaches to Derivatives framework, following the initial proposals set out in Consultation Paper AFSA-P-CE-2024-0004 on Derivatives Framework, Enabling Margin Trading, Short Selling and High Frequency Trading. Given the market feedback, AFSA considers it necessary to undertake further public consultation on these proposals.

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

We invite comments from interested stakeholders.

The deadline for providing comments is 20 October 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 may be found via this link: https://orderly.myafsa.com/articles/consultation-paper-afsa-p-ce-2024-0013-from-20-september-2024-on-proposals-to-derivatives-framework-enabling-margin-trading-short-selling-and-high-frequency-trading.

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 3000 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]