The Astana Financial Services Authority (AFSA) has issued the Consultation Paper #AFSA-P-CE-2022-0001 to seek suggestions from the market on the proposed amendments to AIFC Fees Rules.
Introduction of fees for supervision, modifications and key individuals stipulated under AIFC Fees Rules was followed by a 4-year grace period in order to allow firms in the AIFC to properly commence their operations.
Amendments to the AIFC Fees Rules include the following:
(a) annual supervision fees;
(b) application fee for Approval of Individuals;
(c) application fees for modification of a Licence or Approved Individual's registration;
(d) FinTech Lab fees;
(e) revised fee for authorisation of Digital Asset Trading Facility Operator activity;
(f) revisions to administrative services fees by the Office of the Registrar of Companies;
(g) recognition fee for Foreign Fund Managers;
(h) application fees to register a Non-Exempt Fund and Exempt Fund or provide notification for an Exempt Fund;
(i) late fees payable to the AFSA.
Full content of the consultation paper may be found via this link https://afsa.orderly.kz/articles/consultation-paper-on-proposed-amendments-to-aifc-fees-rules.
All comments should be in writing and sent to the address indicated below or by email:
Policy and Strategy Division
Astana Financial Services Authority (AFSA)
55/17 Mangilik El, building C3.2, Kazakhstan
Email: [email protected]
The deadline for providing comments is 29 April 2022
When sending your comments, please indicate in a subject line: “Consultation Paper #AFSA-P-CE-2022-0001”. You may, if relevant, identify the organisation you represent when providing your comments. The AFSA reserves the right to publish, including on its website, any comments you provide, unless you expressly request otherwise. Comments supported by reasoning and evidence will be given more weight by the AFSA.
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