During this challenging period of COVID-19 pandemic, the Astana Financial Services Authority (AFSA) remains focused on its regulatory objectives to foster financial stability, promote market integrity, protect consumers and support financial markets in the AIFC. AFSA is closely working with the regulated community to assess financial and economic impacts of the pandemic on operations of […]

3 April 2020 – Astana Financial Services Authority in collaboration with the AIFC Academy of Law held a second webinar for law and consulting firms on different aspects of registration and authorization processes. In view of health and safety considerations in these challenging times the AFSA held the training in the format of a webinar. Over […]

Note on Recognized Non-AIFC Members The Astana Financial Services Authority (“AFSA”) can recognize non-AIFC financial firms by granting the status of Recognized Non-AIFC Member (“RNAM”), which enables non-AIFC licensed firms to onboard the AIFC Astana International Exchange (“AIX”) as a trading member, according to AIX membership rules and approval process. The RNAM status does not […]

24 February 2020 – Astana Financial Services Authority has hosted its first outreach session for regulated ancillary service provider (ASP) firms. “Training sessions for law and consulting firms about registration and authorisation processes” was attended by over 40 representatives of firms licenced by the AFSA to carry on ancillary services business in the Astana International […]

In light of recent case of redomiciliation of firms from foreign jurisdictions to the Astana International Financial Centre the AFSA publishes a Briefing Note, prepared by law firm Kinstellar “Transfer of Incorporation under the AIFC acts: practical steps”. The Note describes main procedural steps required for the redomiciliation under the Acting Law of the AIFC. It […]

The Astana Financial Services Authority (“AFSA”) and the Central Bank of United Arab Emirates (“CB UAE”) have entered into a Memorandum of Understanding (“MoU”). The MoU was effected in Abu Dhabi on margins of official visit of the President of the Republic of Kazakhstan H.E. Kassym-Jomart Tokayev to United Arab Emirates. Parties agreed to promote […]

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 […]