1. Introduction

1. The Astana Financial Services Authority (“AFSA”) has issued this Consultation Paper to invite public feedback and comments on the proposed amendments to the Astana International Financial Centre (“AIFC”) Companies Regulations on providing exemption to Private Companies relating to offer Securities by the way of private placement.

2. The proposed amendments are set out in Annex A to this Paper.

3. This Consultation Paper may be of interest to individuals, legal entities, financial organisations and investors who are interested in doing business in the AIFC.

4. All comments should be in writing and sent to the address or email specified below. If sending your comments by email, please use “Consultation Paper No 6” in the subject line. You may, if relevant, identify the organisation you represent when providing your comments.

5. The AFSA reserves the right to publish, including on its website, any comments you provide, unless you expressly request otherwise. Comments supported by reasoning and evidence will be given more weight by the AFSA.

6. The deadline for providing comments on the proposals is 20 July 2018. Once we receive your comments, we shall consider if any refinements are required to the proposed amendments.

7. Comments to be addressed to:

Consultation Paper No 6 Innovation Policy Division

Astana Financial Services Authority (AFSA)

8 Kunayev Street, Building B, Astana, Kazakhstan or emailed to: Fintech.Consultation@afsa.kz

Tel: +7 (7172) 647260