Entire section

AIFC NOTICE NO. AFSA-P-NB-2022-0001 ON APPLICATION FEES PAYABLE TO THE AFSA IN RESPECT OF WAIVERS, MODIFICATIONS AND OTHER RELIEFS

NOTICE No. AFSA-P-NB-2022-0001


THE ASTANA FINANCIAL SERVICES AUTHORITY HEREBY GIVES NOTICE THAT:

According to the Schedule 7 of the AIFC Fees Rules, the application fees payable to the AFSA in respect of waivers, modifications and other reliefs are set as follows:


1)

Application fee

Fee (USD)

Minor waiver and/or modification request

250

Standard waiver and/or modification request

500

Significant and/or modification request 

2 000

No-action letter

500


2)If the waiver and/or modification involves an issue that is novel or complex or will for any other reason require the AFSA to spend an exceptional amount of time on the application, the AFSA will determine the fee on a case-by-case basis.

3)In other cases, AFSA will assess on a case-by-case basis whether the fees set out in (1) apply. 

4)If a waiver and/or modification should be standardised, that is, made available to any applicant meeting certain criteria (class modification/waiver), no fee will be required for an application for a waiver or modification.



EFFECTIVE PERIOD

This notice comes into effect on 1 January 2023.

THIS NOTICE IS ISSUED PURSUANT TO SECTION 9 OF THE FINANCIAL SERVICES FRAMEWORK REGULATIONS BY THE ASTANA FINANCIAL SERVICES AUTHORITY.