The Astana Financial Services Authority has introduced Amendments to the AIFC Multilateral and Organised Trading Facilities Rules to enhance the regulatory regime regarding safeguards and to offer Multilateral and Organised Trading Facilities the capacity to facilitate secondary trading across a broad spectrum of financial instruments.
In accordance with the AFSA`s gradual approach to frameworks for tokenised financial instruments, the regulatory regime has been enhanced to allow Multilateral and Organised Trading Facilities (MTF/OTF) to facilitate secondary trading of Qualified Investment Tokens.
The existing regulatory regime for MTF/OTF continues to apply to platforms dealing in Qualified Investment Tokens.
These enhancements, including amendments to the AIFC Multilateral and Organised Trading Facilities Rules, AIFC Conduct of Business Rules and AIFC Glossary, 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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