AFSA Notice № AFSA-Q-NB-2023-0002 On Withdrawal Of The Licence Of Otan Private Bank Ltd.

NOTICE No. AFSA-Q-NB-2023-0002

THE ASTANA FINANCIAL SERVICES AUTHORITY (AFSA) HEREBY GIVES NOTICE THAT:

In accordance with Section 98 of the AIFC Financial Services Framework Regulations (the “FSFR”) the AFSA has withdrawn the Licence of Otan Private Bank Ltd. (the “Bank”) No. AFSA-A-LA-2020-0011 dated 20 March 2020.

The withdrawal is made due to the official application of Otan Private Bank Ltd. to withdraw a Licence to carry on Regulated Activities.

EFFECTIVE PERIOD

This notice comes into effect on the date of issue.

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 BY THE AFSA PURSUANT TO SECTION 98 OF THE FSFR.