AFSA Notice № AFSA-N-NB-2023-0001 On Waiver
WAIVER NOTICE No. AFSA-N-NB-2023-0001
To
Astana International Exchange Limited
Business identification number
171140900016
Permitted Activity
Operating an Exchange
The address of the Registered Office
55/19 Mangilik El avenue, Astana, Kazakhstan
To | Astana International Exchange Limited |
Business identification number | 171140900016 |
Permitted Activity | Operating an Exchange |
The address of the Registered Office | 55/19 Mangilik El avenue, Astana, Kazakhstan |
THE ASTANA FINANCIAL SERVICES AUTHORITY (AFSA) HEREBY GIVES NOTICE THAT:
The Rule specified in the Table herein does not apply to the above mentioned Person to admit the globally depositary receipts (GDRs) and Shares to trading and permit the offer of such securities in or from AIFC, which remain listed on an Equivalent Regulated Exchange (ERE), but temporarily suspended from trading on such ERE for reasons beyond the issuers’ control.
RULE WAIVED
AIFC Act | Waived Rule |
AIFC MARKET RULES (MAR) | 1.2.2 (1)(m)(i) the Securities, or Securities of the same class, have been admitted to trading and continuously traded on the other market for more than 18 months; and |
CONDITIONS
This Notice will be applicable to the GDRs and Shares that had been continuously traded for more than 18 months on ERE by the time the suspension happened. Each suspension case will be reviewed by the AFSA as part of the listing review process.
EFFECTIVE PERIOD
This notice comes into effect on the date of issue and remains in force until further notice.
INTERPRETATION
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 REGULATIONS BY THE ASTANA FINANCIAL SERVICES AUTHORITY