Astana Financial Services Authority (AFSA) informs the public that the FinTech Lab licence of Proportunity Management Company Limited expired on July 1, 2024.
Proportunity Management Company Limited has a registered address in the AIFC. However, it is not authorised by AFSA and has no licence for providing or promoting its financial services to the public, including services and products related to Islamic Banking Business and Islamic Financing.
The previous alert can be found here.
Only firms authorised by AFSA can carry on financial services in the AIFC.
AFSA advises consumers to only deal with AIFC companies that are appropriately authorised to provide financial services and therefore properly regulated. Consumers are advised to check the status of authorisation on AFSA’s website at Public Register and avoid dealing with firms not permitted by AFSA to carry on the activities they promote or advertise.
Reference:
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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