AFSA Notice № AFSA-T-NB-2023-0001 On Cancellation of Suspension Sanity Capital
NOTICE No. AFSA-T-NB-2023-0001
THE ASTANA FINANCIAL SERVICES AUTHORITY HEREBY GIVES NOTICE THAT:
In accordance with Section 95(3)(a) of the AIFC Financial Services Framework Regulations, the AFSA has cancelled the suspension of Licence AFSA-A-LA-2021-0027 dated 20 September 2021 issued to Sanity Capital Ltd.
The cancellation of suspension of the Licence is made due to Sanity Capital Ltd’s rectification of its previous non-compliance with the AFSA’s capital and liquidity requirements as set out in the AIFC Prudential Rules for Investment Firms and 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 BY THE ASTANA FINANCIAL SERVICES AUTHORITY PURSUANT TO SECTION 9 OF THE AIFC FINANCIAL SERVICES FRAMEWORK REGULATIONS.