Main

Legal Framework

2.5.3. Review, amendment and consultation

LEGAL ENTITIES LEGISLATION

FINANCIAL SERVICES LEGISLATION

REGULATIONS

RULES

GENERAL RULES

CONDUCT OF BUSINESS RULES

ANTI-MONEY LAUNDERING AND COUNTER-TERRORIST FINANCING AND SANCTIONS RULES

COLLECTIVE INVESTMENT SCHEME RULES

AUTHORISED MARKET INSTITUTION RULES

Guidance: Purpose and application of AMI

1. INTRODUCTION

2. RULES APPLICABLE TO ALL AUTHORISED MARKET INSTITUTIONS

2.1. Requirements in GEN

2.2. Financial resources

2.3. Conflicts of interest

2.4. Technology resources

2.5. Business Rules

2.5.1. Requirement to prepare Business Rules

2.5.2. Content and effect of Business Rules

2.5.3. Review, amendment and consultation

2.5.4. Amendment of rules

2.5.5. Waiver of consultation requirement

2.5.6. Monitoring and enforcing compliance with Business Rules

2.5.7. Financial penalties

2.5.8. Appeals

2.6. Membership

2.7. Direct Electronic Access

2.8. Financial Crime and Market Abuse

2.9. Safeguarding and administration of assets

2.10. Transaction recording

2.11. Complaints handling

2.12. Trade Repository

2-1. RULES APPLICABLE TO AUTHORISED MARKET INSTITUTIONS OPERATING A FACILITY FOR INVESTMENT TOKENS

3. RULES APPLICABLE TO AUTHORISED INVESTMENT EXCHANGES

4. RULES APPLICABLE TO AUTHORISED CLEARING HOUSES

5. SUPERVISION

6. [intentionally omitted]

7. RULES APPLICABLE TO AN AUTHORISED CROWDFUNDING PLATFORM

SCHEDULE 1: COMMODITY DERIVATIVE CONTRACT DELIVERY SPECIFICATIONS

SCHEDULE 2: TRADE REPOSITORY

MARKET RULES

RECOGNITION RULES

DEMATERIALISED INVESTMENT RULES

RULES FOR PRE-IPO LISTINGS

SOVEREIGN BONDS RULES

BANKING BUSINESS PRUDENTIAL RULES

PRUDENTIAL RULES FOR INVESTMENT FIRMS

PRUDENTIAL RULES FOR INSURANCE INTERMEDIARIES

INSURANCE AND REINSURANCE PRUDENTIAL RULES

ISLAMIC BANKING BUSINESS PRUDENTIAL RULES

ISLAMIC FINANCE RULES

TAKAFUL AND RETAKAFUL PRUDENTIAL RULES

REPRESENTATIVE OFFICE RULES

AIFC AUDITOR RULES

AIFC Financial Technology Rules

COOPERATION AND EXCHANGE OF INFORMATION RULES

TERMS AND PROCEDURE FOR CURRENCY TRANSACTIONS

FINANCIAL SERVICES EXEMPT FROM CORPORATE TAX

GLOSSARY

FEES RULES

RULES ON CURRENCY REGULATION AND PROVISION OF INFORMATION ON CURRENCY TRANSACTIONS IN THE AIFC

RULES ON THE SUBSTANTIAL PRESENCE OF THE AIFC PARTICIPANTS APPLYING TAX EXEMPTIONS FOR THE PAYMENT OF CIT, VAT

MULTILATERAL AND ORGANISED TRADING FACILITIES RULES

AIFC RECOVERY AND RESOLUTION RULES

AIFC RULES ON DIGITAL ASSET ACTIVITIES

RULES AND MECHANISMS OF COOPERATION OF UNBACKED DIGITAL ASSET EXCHANGES AND/OR CENTRE PARTICIPANTS AUTHORIZED TO CARRY OUT DIGITAL ASSETS-RELATED ACTIVITIES WITH SECOND-TIER BANK OF THE REPUBLIC OF KAZAKHSTAN

AIFC RULES ON PROVIDING MONEY SERVICES

POLICIES AND POLICY STATEMENTS

2.5.3. Review, amendment and consultation

The Authorised Market Institution must ensure that appropriate procedures are adopted for it to keep its Business Rules under annual review and to amend them. The procedures must include procedures for consulting users of the Authorised Market Institution's facilities in appropriate cases.

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2.5.3. Review, amendment and consultation

The Authorised Market Institution must ensure that appropriate procedures are adopted for it to keep its Business Rules under annual review and to amend them. The procedures must include procedures for consulting users of the Authorised Market Institution's facilities in appropriate cases.