The Astana Financial Services Authority has enacted the AIFC Investment Token Framework to introduce a comprehensive regulatory regime that governs trading of Investment Tokens within the Astana International Financial Centre (AIFC).
In line with AFSA’s policy approach, the regulatory regime for Investment Exchanges and Clearing Houses continues to apply to platforms that trade and/or clear Investment Tokens.
The regulatory framework now includes Derivative Tokens, alongside Security Tokens and Environmental Instrument Tokens, all unified under the term "Investment Token."
The Investment Token Framework aims to provide clarity, legal certainty, and investor protection in the field of tokenised financial instruments, fostering a secure and well-regulated environment for businesses and investors.
The Investment Token Framework has been developed by introducing the amendments to the AIFC Financial Services Framework Regulations, AIFC Authorised Market Institution Rules, AIFC Conduct of Business Rules, AIFC Fees Rules and AIFC Glossary, which are published on the AIFC website and will come into force on 18 October 2024.
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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 3,200 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]
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