AFSA NOTICE № 0011 ON THE PROVISION OF ANCILLARY SERVICES AND FINANCIAL SERVICES WITHIN SAME LEGAL ENTITY

AFSA NOTICE №0011 ON THE PROVISION OF ANCILLARY SERVICES AND FINANCIAL SERVICES WITHIN THE SAME LEGAL ENTITY

THE ASTANA FINANCIAL SERVICES AUTHORITY HEREBY GIVES NOTICE THAT:

The Astana Financial Services Authority is of the opinion that an AIFC Participant authorised to provide Ancillary Services cannot be authorised to carry out Regulated activities within the same legal entity. This firm must establish another entity and apply to the AFSA for obtaining a Licence to carry out Regulated Activities.

An AIFC Participant authorised to carry out Regulated Activities can provide consultancy services based on its licence, if such services are relevant and incidental to the Participant’s core business.