AFSA NOTICE № AFSA-A-NB-2021-0003 ON CLASS MODIFICATION
THE ASTANA FINANCIAL SERVICES AUTHORITY HEREBY GIVES NOTICE THAT:
The Rules specified in the left-hand column of the Table herein do not apply to the Authorised Crowdfunding Platforms in the form appearing in the AIFC Authorised Market Institution Rules (AMI) but instead apply as modified in the right-hand column of the Table.
TABLE – MODIFIED AIFC RULE
The Rule specified in the left-hand column of the Table are modified to the extent shown in the right-hand column of the Table below. In this Table, underlining indicates new text and striking through indicates deleted text, otherwise the Rule remains unaltered.
7.3.1 (5) AMI
Rule 7.3.1 (5) Clients of an Authorised Crowdfunding Platform
For the purposes of AMI 7, “Accredited Lender or Accredited Investor” means:
a “Professional Client” as defined in COB 2.3 or a “Market Counterparty” as defined in COB 2.7.
This notice comes into effect on the date of issue and remains in force until further instruction from AFSA.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the AIFC Glossary. Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
THIS NOTICE IS ISSUED PURSUANT TO SECTION 9 OF THE FINANCIAL SERVICES FRAMEWORK REGLATIONS BY THE ASTANA FINANCIAL SERVICES AUTHORITY.