AFSA NOTICE № AFSA-Q-OA-2020-0029 ON MODIFICATION FOR BANKS AND CREDIT PROVIDERS
THE ASTANA FINANCIAL SERVICES AUTHORITY HEREBY GIVES NOTICE THAT:
The Rule specified in the left hand column of Table A herein does not apply to the Banks and Credit Providers in the form appearing in the AIFC Banking Business Prudential Rules (BBR) but instead applies as modified in the right hand column of Table A.
TABLE A – RULES MODIFIED
The Rule specified in the left-hand column of the Table A is modified to the extent shown in the right hand column of Table A below. In this table, underlining indicates new text and striking through indicates deleted text, otherwise the Rule remains unaltered.
4.10 Base Capital Requirement
The Base Capital Requirement is:
a) for a Bank – USD
c) for a Credit Provider – USD
This notice comes into effect from 1 November 2020 and remains effective until 1 November 2023.
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.