The Astana Financial Services Authority (AFSA) issued a license to the Kazakhstan Energy Reinsurance Company Ltd. (KERC) to carry on the Regulated Activities of Effecting Contracts of Insurance and Carrying on Contracts of Insurance as a captive insurer. Under AIFC acts, Captive Insurance Business is the business of Effecting or Carrying out Contracts of Insurance […]
The Astana Financial Services Authority (AFSA) and the Securities and Exchange Board of India (SEBI) have entered into a Memorandum of Understanding (MoU) for mutual co-operation and technical assistance. The MoU was signed by Mr. Mukhtar Bubeyev, the Acting Chief Executive Officer of the AFSA, and Mr. Ajay Tyagi, Chairman of the SEBI. The arrangement […]
The Astana Financial Services Authority (AFSA) and the Polish Financial Supervision Authority (KNF) have entered into a Memorandum of Understanding (MoU). The MoU was signed by Mr. Mukhtar Bubeyev, the Acting Chief Executive Officer of the AFSA, and Mr. Jacek Jastrzębski, Chair of the KNF. It establishes a general framework for the KNF and the […]
Astana Financial Services Authority (“AFSA”) has entered into a Memorandum of Understanding (“MoU”) with the Central Bank of Armenia (“CBA”). The signing ceremony was held in Yerevan. Under the agreement the Parties will cooperate in supervision and regulation of banking, insurance and capital markets, in particular against money laundering, enforcement, authorisation, supervision, financial recovery etc. […]
Astana International Financial Centre (AIFC) has successfully conducted World Investor Week 2019 under the auspices of the International Organization of Securities Commissions (IOSCO). This is the second time when AIFC has joined the global campaign. This year’s World Investor Week 2019 in AIFC has been held from 30th September to 6th October and targeted a […]
The Astana International Financial Centre (AIFC) together with the Almaty Akimat is hosting the Almaty Financial Forum as part of the World Investors Week.The World Investors Week is held annually under the auspices of the International Organization of Securities Commissions (IOSCO) in 80 countries of the world, with the AIFC as the partner of the […]
The Astana Financial Services Authority (AFSA), the regulatory body of the Astana International Financial Centre (AIFC), has become the 22nd member of the Asian Forum of Insurance Regulators (AFIR). AFIR is a key insurance regulatory cooperation mechanism in Asia, uniting regulatory authorities from jurisdictions such as China, South Korea, Singapore, Dubai, Japan, Australia, New Zealand, […]
The Astana International Financial Centre (AIFC) has approved the amendments to the Regulations and Rules on registration procedures of the AIFC participants. The amendments were proposed by the Astana Financial Services Authority (AFSA), the regulatory body of the AIFC, responsible for the regulation of the financial services as well as the registration, authorisation and recognition of the […]
On 24th June 2019 the Astana Financial Services Authority (the “AFSA”), a financial regulator of the Astana International Financial Centre (the “AIFC”), with the support of European Bank for Reconstruction and Development developed and introduced regulatory framework for loan- and investment-based crowdfunding platforms, the first such framework in the region. Crowdfunding is an innovative funding opportunity […]