Kazakhstan

AFSA Calls for Evidence on Further Enhancement of AIFC Asset Management Framework

The Astana Financial Services Authority (AFSA) has launched a Call for Evidence to gather stakeholder feedback on potential enhancements to the AIFC Asset Management Framework. The consultation covers Specialist Funds, emerging fund structures, fund operations, and investor protection. Comments are requested by 28 February 2026.

AIFC Regulatory Framework Development Plans 2026–2028

The Astana Financial Services Authority announced its regulatory framework development plans for the AIFC for 2026–2028, covering asset management, FinTech, insurance, Islamic finance, tokenisation, and derivatives. The 2026 priorities include targeted amendments, guidance on fee structures, and AML/CFT guidance updates. AFSA is inviting market participants to submit feedback on the planned initiatives and proposals for further regulatory development.

AFSA Introduces New FinTech Lab Authorisation Approach

The Astana Financial Services Authority has introduced a Class Modification Notice establishing a new single-stage assessment approach for FinTech Lab authorisation, replacing the previous two-stage pre-application and application model. The change takes effect on February 16th and consolidates eligibility assessment of business models, proposed candidates, and financial and non-financial resources into one streamlined process. Applicants will no longer undergo policies and procedures assessment at authorisation stage but must submit AML/CFT policy and procedures.