The Astana Financial Services Authority (AFSA) has launched its first Call for Evidence to gather stakeholder feedback on further enhancement of the AIFC Asset Management Framework. Asset and fund management remains a strategic priority for AIFC and is one of its fastest-growing sectors. Assets under management have increased from USD 115 million in 2021 to […]
The Astana Financial Services Authority (“AFSA”) has fined Proportunity Management Company Limited in the amount of USD 249,770 and ACLB Management Company Limited in the amount of USD 139,533 following regulatory breaches and investigation findings. The AFSA also imposed on Mr. Arman Bayev – the Chief Executive Officer of both companies – a prohibition from holding office in or being a Director or Employee of any Authorised Person or Ancillary Service Provider. The AFSA previously issued multiple public […]
Today, January 13, 2026, marks the implementation of the second phase (final) of the AIFC Providing Money Service (PMS) framework. Overall, the provisions of the second phase concern: Client protection (complaints handling, requirements on content of Сlient agreement, safeguarding of Сlient money, information/communication requirements etc.); Cyber/operational resilience (cybersecurity policies, incident reporting, IT audit, strong customer authentication etc.). The new PMS framework was adopted by AFSA back on April […]
The Astana Financial Services Authority (AFSA) is publishing a new report on the application of Generative Artificial Intelligence in financial services (AI Survey) at the AIFC, demonstrating AFSA’s commitment to its objectives on fostering the development of financial technologies in the AIFC and at the same time ensuring that financial markets in AIFC operate in […]
The Astana Financial Services Authority (AFSA) has introduced amendments to three core frameworks regulating capital market, digital assets, and crowdfunding, with an effective date of 1 January 2026, following the public consultation held from 21 July to 15 September 2025. The amendments aim to improve the effectiveness, proportionality and international alignment of the AIFC regulatory […]
Following public consultation conducted from 2 October to 2 November 2025, the Astana Financial Services Authority (AFSA) has introduced amendments to the AIFC Fees Rules, with the majority of them taking effect from 1 December 2025 and some subject to deferred commencement dates. Since their initial approval in December 2017, the AIFC Fees Rules have […]
Since its establishment, the Astana Financial Services Authority (AFSA) has been actively fulfilling its mandate, including the registration and supervision of the Centre’s participants. Since 2017, more than 4,600 companies have been registered in the AIFC. The AIFC’s legal framework, based on the principles of common law, makes it attractive to both financial and non-financial […]
The Astana International Financial Centre (AIFC) has been recognised by the International Organization of Securities Commissions (IOSCO) among the world’s leading jurisdictions in implementing global standards for regulating crypto and digital asset markets. The recognition comes as part of the IOSCO Thematic Review “Assessing the Implementation of IOSCO Recommendations for Crypto and Digital Asset Markets”, […]
The Astana Financial Services Authority (AFSA) has granted a Licence for the full supervisory regime to ATAIX Eurasia Ltd (Ataix). This follows Ataix’s participation in the AIFC’s regulatory sandbox, designed to foster innovation in financial services. Notably, Ataix was among the first participants of the Pilot Project for cooperation between crypto exchanges and second-tier banks […]