AFSA NOTICE № AFSA-Q-NB-2022-0002 ON SUSPENSION OF THE LICENCE OF SANITY CAPITAL LTD
NOTICE No. AFSA-Q-NB-2022-0002
THE ASTANA FINANCIAL SERVICES AUTHORITY (AFSA) HEREBY GIVES NOTICE THAT:
In accordance with Section 98 of the AIFC Financial Services Framework Regulations, the AFSA has suspended the Licence of Sanity Capital Ltd AFSA-A-LA-2021-0027 dated 20 September 2021 until further notice.
The suspension is made due to non-compliance of Sanity Capital Ltd with the AFSA’s capital and liquidity requirements as set out in the AIFC Prudential Rules for Investment Firms, together with non-compliance with the AFSA’s requirements for certain appointments to be filled at all times by Approved Individuals or Designated Individuals as set out in the AIFC General Rules.
This notice comes into effect on the date of issue and remains in force until further notice of the 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 98 OF THE AIFC FINANCIAL SERVICES FRAMEWORK REGULATIONS BY THE ASTANA FINANCIAL SERVICES AUTHORITY.