NOTICES 2025
AFSA Notice No. AFSA-T-NB-2025-0009 from 18 November 2025 on suspension of the licence of ASPAN PRIME CAPITAL Ltd.
THE ASTANA FINANCIAL SERVICES AUTHORITY (AFSA) HEREBY GIVES NOTICE THAT:
In accordance with Sections 98 and 100 of the AIFC Financial Services Framework Regulations (the “FSFR”) the AFSA has extended the suspension of the Licence of ASPAN PRIME CAPITAL Ltd. (the “Firm”) No. AFSA-A-LA-2024-0003 dated 23 January 2024 for a period until 1 March 2026.
The suspension is made according to request and consent of the Firm.
EFFECTIVE PERIOD
This notice comes into effect on the date of issue and remains in force until 1 March 2026 or further notice of the AFSA.
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.
AFSA Notice No. AFSA-O-EC-2025-0404 from 18 November 2025 on the waiver confirmation
THE REGISTRAR OF COMPANIES OF THE ASTANA FINANCIAL SERVICES AUTHORITY HEREBY GIVES NOTICE THAT:
Section 6.3.3(b) of the AIFC Companies Rules is not applied to NEW OPPORTUNITY UMBRELLA FUND OPEN-ENDED INVESTMENT COMPANY LTD. as specified in the right-hand column of Table A under the certain conditions set by this written notice.
Table A. Waived AIFC Act
|
Reference to the relevant Acts |
Waived Rule/Regulation |
|
AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)
|
6.3.3. However, a Company must not be incorporated as an Investment Company, an existing Company must not be converted into an Investment Company, and a Company must not operate an Investment Company, unless:
(b) the AFSA has given its prior Written consent.
|
CONDITION
Reaching the threshold of 15 Clients does not require the registration of a new Exempt Fund. An incorporated fund may continue its operations but can onboard additional Clients only after obtaining the AFSA's Written consent.
DISCLAIMER
The requirements outlined in Clause 4.7 of the AIFC CIS Rules (Requirements for notification) and Schedule 9 of the AIFC Fees Rules (fees for providing notification for an Exempt Fund) remain mandatory for fund managers.
Please note that the AFSA assumes no responsibility for the fund's operation, or any actions taken by the fund manager. The fund manager is solely responsible for compliance and regulation associated with the fund's operation.
However, the constitution and offering materials of funds must comply with the AIFC regulations and rules, including, but not limited to:
- × AIFC Financial Services Framework Regulations
- × AIFC General Rules
- × AIFC Conduct of Business Rules
- × AIFC Collective Investment Scheme Rules
- × AIFC Market Rules
- × AIFC Companies Rules
- × AIFC Companies Regulations
- × AIFC Anti-Money Laundering, Counter-Terrorist Financing and Sanctions Rules
- × AIFC Prudential Rules for Investment Firms
EFFECTIVE PERIOD
This notice comes into effect on the date of publishing and remains in force until further notice.
INTERPRETATION
THIS NOTICE IS ISSUED PURSUANT TO SECTION 195 OF THE AIFC COMPANIES REGULATIONS BY THE REGISTRAR OF COMPANIES
AFSA Notice No. AFSA-O-NB-2025-0007 from 11 November 2025 on striking the name of Private Company ‘Company Secretaries Forum Ltd.’ off the Register
THE ASTANA FINANCIAL SERVICES AUTHORITY HEREBY GIVES NOTICES THAT:
The Registrar of Companies (the “Registrar”) intends to strike the Private Company’s name Company Secretaries Forum Ltd. (BIN 230140900176) off the Register.
FACTS AND MATTERS RELIED UPON
In accordance with section 167(1) of the AIFC Companies Regulations, the Registrar of Companies may strike the name of a Regulated Entity off the Register if the Registrar has reason to believe that the Regulated Entity is not conducting business or is not in operation.
No substantive steps have been taken by the company to commence or carry on business following registration, and there is no evidence to suggest that it is operational. These circumstances support the view that the company should be subject to administrative action under the relevant provisions.
EFFECTIVE PERIOD
The proposed decision will take effect 14 days after the issuance of this Notice, unless a valid reason is presented to the contrary.
Any interested party can object to a company being struck off the register.
AFSA Notice No. AFSA-O-NB-2025-0006 from 11 November 2025 on striking the name of Recognised Company Energy Services Group LTD. AIFC Branchoff the Register
THE ASTANA FINANCIAL SERVICES AUTHORITY HEREBY GIVES NOTICES THAT:
The Registrar of Companies (the “Registrar”) intends to strike the Recognised Company’s name ‘Energy Services Group LTD. AIFC Branch’ (BIN 200741900019) off the Register.
In accordance with section 167(4) of the AIFC Companies Regulations, If an application is made by a Regulated Entity to strike the Regulated Entity’s name off the Register, the Registrar of Companies may strike the Regulated Entity’s name off the Register if the requirements of subsections (5) to (9) are met.
FACTS AND MATTERS RELIED UPON
Director of Energy Services Group LTD. AIFC Branch applied for the strike off procedure on 5 November 2025 in compliance with section 167(5) of the AIFC Companies Regulations.
EFFECTIVE PERIOD
The proposed decision comes into effect after 3 months from the issuance of this Notice unless cause is shown to the contrary.
Any interested party can object to a company being struck off the register.
AFSA Notice No. AFSA-O-NB-2025-0005 from 11 November 2025 on striking the name of Recognised Company ‘Branch of LLP "AB Energo" in the AIFC’ off the Register
THE ASTANA FINANCIAL SERVICES AUTHORITY HEREBY GIVES NOTICES THAT:
The Registrar of Companies (the “Registrar”) intends to strike the Recognised Company’s name ‘Branch of LLP "AB Energo" in the AIFC’ (BIN 220441900051) off the Register.
In accordance with section 167(4) of the AIFC Companies Regulations, If an application is made by a Regulated Entity to strike the Regulated Entity’s name off the Register, the Registrar of Companies may strike the Regulated Entity’s name off the Register if the requirements of subsections (5) to (9) are met.
FACTS AND MATTERS RELIED UPON
Director of Branch of LLP "AB Energo" in the AIFC applied for the strike off procedure on 5 November 2025 in compliance with section 167(5) of the AIFC Companies Regulations.
EFFECTIVE PERIOD
The proposed decision comes into effect after 3 months from the issuance of this Notice unless cause is shown to the contrary.
Any interested party can object to a company being struck off the register.
AFSA Notice No. AFSA-O-NB-2025-0004 from 11 November 2025 on striking the name of Recognised Company ‘Analytical Credit Rating Agency (Joint-Stock Company) doing business in the AIFC as Branch of ACRA (JSC) in the AIFC’ off the Register
THE ASTANA FINANCIAL SERVICES AUTHORITY HEREBY GIVES NOTICES THAT:
The Registrar of Companies (the “Registrar”) intends to strike the Recognised Company’s name ‘Analytical Credit Rating Agency (Joint-Stock Company) doing business in the AIFC as Branch of ACRA (JSC) in the AIFC’ (BIN 190441900073) off the Register.
In accordance with section 167(4) of the AIFC Companies Regulations, If an application is made by a Regulated Entity to strike the Regulated Entity’s name off the Register, the Registrar of Companies may strike the Regulated Entity’s name off the Register if the requirements of subsections (5) to (9) are met.
FACTS AND MATTERS RELIED UPON
Director of Analytical Credit Rating Agency (Joint-Stock Company) doing business in the AIFC as Branch of ACRA (JSC) in the AIFC applied for the strike off procedure on 29 October 2025 in compliance with section 167(5) of the AIFC Companies Regulations.
EFFECTIVE PERIOD
The proposed decision comes into effect after 3 months from the issuance of this Notice unless cause is shown to the contrary.
Any interested party can object to a company being struck off the register.
AFSA Notice No. AFSA-O-EC-2025-0402 from 12 November 2025 on the waiver confirmation
THE REGISTRAR OF COMPANIES OF THE ASTANA FINANCIAL SERVICES AUTHORITY HEREBY GIVES NOTICE THAT:
Section 6.3.3(b) of the AIFC Companies Rules is not applied to STRATEGIC INDUSTRIES FUND OEIC Ltd. as specified in the right-hand column of Table A under the certain conditions set by this written notice.
Table A. Waived AIFC Act
|
Reference to the relevant Acts |
Waived Rule/Regulation |
|
AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)
|
6.3.3. However, a Company must not be incorporated as an Investment Company, an existing Company must not be converted into an Investment Company, and a Company must not operate an Investment Company, unless:
(b) the AFSA has given its prior Written consent.
|
CONDITION
Reaching the threshold of 15 Clients does not require the registration of a new Exempt Fund. An incorporated fund may continue its operations but can onboard additional Clients only after obtaining the AFSA's Written consent.
DISCLAIMER
The requirements outlined in Clause 4.7 of the AIFC CIS Rules (Requirements for notification) and Schedule 9 of the AIFC Fees Rules (fees for providing notification for an Exempt Fund) remain mandatory for fund managers.
Please note that the AFSA assumes no responsibility for the fund's operation, or any actions taken by the fund manager. The fund manager is solely responsible for compliance and regulation associated with the fund's operation.
However, the constitution and offering materials of funds must comply with the AIFC regulations and rules, including, but not limited to:
- × AIFC Financial Services Framework Regulations
- × AIFC General Rules
- × AIFC Conduct of Business Rules
- × AIFC Collective Investment Scheme Rules
- × AIFC Market Rules
- × AIFC Companies Rules
- × AIFC Companies Regulations
- × AIFC Anti-Money Laundering, Counter-Terrorist Financing and Sanctions Rules
- × AIFC Prudential Rules for Investment Firms
EFFECTIVE PERIOD
This notice comes into effect on the date of publishing and remains in force until further notice.
INTERPRETATION
THIS NOTICE IS ISSUED PURSUANT TO SECTION 195 OF THE AIFC COMPANIES REGULATIONS BY THE REGISTRAR OF COMPANIES
AFSA Notice No. AFSA-O-EC-2025-0393 from 30 October 2025 on the waiver confirmation
THE REGISTRAR OF COMPANIES OF THE ASTANA FINANCIAL SERVICES AUTHORITY HEREBY GIVES NOTICE THAT:
Section 6.3.3(b) of the AIFC Companies Rules is not applied to TG Global Shalkar Fund OEIC Limited as specified in the right-hand column of Table A under the certain conditions set by this written notice.
Table A. Waived AIFC Act
|
Reference to the relevant Acts |
Waived Rule/Regulation |
|
AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)
|
6.3.3. However, a Company must not be incorporated as an Investment Company, an existing Company must not be converted into an Investment Company, and a Company must not operate an Investment Company, unless:
(b) the AFSA has given its prior Written consent.
|
CONDITION
Reaching the threshold of 15 Clients does not require the registration of a new Exempt Fund. An incorporated fund may continue its operations but can onboard additional Clients only after obtaining the AFSA's Written consent.
DISCLAIMER
The requirements outlined in Clause 4.7 of the AIFC CIS Rules (Requirements for notification) and Schedule 9 of the AIFC Fees Rules (fees for providing notification for an Exempt Fund) remain mandatory for fund managers.
Please note that the AFSA assumes no responsibility for the fund's operation, or any actions taken by the fund manager. The fund manager is solely responsible for compliance and regulation associated with the fund's operation.
However, the constitution and offering materials of funds must comply with the AIFC regulations and rules, including, but not limited to:
- × AIFC Financial Services Framework Regulations
- × AIFC General Rules
- × AIFC Conduct of Business Rules
- × AIFC Collective Investment Scheme Rules
- × AIFC Market Rules
- × AIFC Companies Rules
- × AIFC Companies Regulations
- × AIFC Anti-Money Laundering, Counter-Terrorist Financing and Sanctions Rules
- × AIFC Prudential Rules for Investment Firms
EFFECTIVE PERIOD
This notice comes into effect on the date of publishing and remains in force until further notice.
INTERPRETATION
THIS NOTICE IS ISSUED PURSUANT TO SECTION 195 OF THE AIFC COMPANIES REGULATIONS BY THE REGISTRAR OF COMPANIES
AFSA Notice No. AFSA-O-EC-2025-0392 from 30 October 2025 on the waiver confirmation
THE REGISTRAR OF COMPANIES OF THE ASTANA FINANCIAL SERVICES AUTHORITY HEREBY GIVES NOTICE THAT:
Section 6.3.3(b) of the AIFC Companies Rules is not applied to TG Global Pre-IPO Fund III OEIC Limited as specified in the right-hand column of Table A under the certain conditions set by this written notice.
Table A. Waived AIFC Act
|
Reference to the relevant Acts |
Waived Rule/Regulation |
|
AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)
|
6.3.3. However, a Company must not be incorporated as an Investment Company, an existing Company must not be converted into an Investment Company, and a Company must not operate an Investment Company, unless:
(b) the AFSA has given its prior Written consent.
|
CONDITION
Reaching the threshold of 15 Clients does not require the registration of a new Exempt Fund. An incorporated fund may continue its operations but can onboard additional Clients only after obtaining the AFSA's Written consent.
DISCLAIMER
The requirements outlined in Clause 4.7 of the AIFC CIS Rules (Requirements for notification) and Schedule 9 of the AIFC Fees Rules (fees for providing notification for an Exempt Fund) remain mandatory for fund managers.
Please note that the AFSA assumes no responsibility for the fund's operation, or any actions taken by the fund manager. The fund manager is solely responsible for compliance and regulation associated with the fund's operation.
However, the constitution and offering materials of funds must comply with the AIFC regulations and rules, including, but not limited to:
- × AIFC Financial Services Framework Regulations
- × AIFC General Rules
- × AIFC Conduct of Business Rules
- × AIFC Collective Investment Scheme Rules
- × AIFC Market Rules
- × AIFC Companies Rules
- × AIFC Companies Regulations
- × AIFC Anti-Money Laundering, Counter-Terrorist Financing and Sanctions Rules
- × AIFC Prudential Rules for Investment Firms
EFFECTIVE PERIOD
This notice comes into effect on the date of publishing and remains in force until further notice.
INTERPRETATION
THIS NOTICE IS ISSUED PURSUANT TO SECTION 195 OF THE AIFC COMPANIES REGULATIONS BY THE REGISTRAR OF COMPANIES
AFSA Notice № AFSA-O-NB-2025-0003 from 20 October 2025 on striking the name of Private Company F&A Projects Limited off the Register
THE ASTANA FINANCIAL SERVICES AUTHORITY HEREBY GIVES NOTICES THAT:
The Registrar of Companies (the “Registrar”) intends to strike the Private Company’s name F&A Projects Limited (BIN 221140900474) off the Register.
In accordance with section 167(4) of the AIFC Companies Regulations, If an application is made by a Regulated Entity to strike the Regulated Entity’s name off the Register, the Registrar of Companies may strike the Regulated Entity’s name off the Register if the requirements of subsections (5) to (9) are met.
FACTS AND MATTERS RELIED UPON
Director of F&A Projects Limited applied for the strike off procedure on 2 October 2025 in compliance with section 167(5) of the AIFC Companies Regulations.
EFFECTIVE PERIOD
The proposed decision comes into effect after 3 months from the issuance of this Notice unless cause is shown to the contrary.
Any interested party can object to a company being struck off the register.
AFSA Notice No. AFSA-O-EC-2025-0387 from 28 October 2025 on the waiver confirmation
THE REGISTRAR OF COMPANIES OF THE ASTANA FINANCIAL SERVICES AUTHORITY HEREBY GIVES NOTICE THAT:
Section 6.3.3(b) of the AIFC Companies Rules is not applied to Nura Fund OEIC Ltd. as specified in the right-hand column of Table A under the certain conditions set by this written notice.
Table A. Waived AIFC Act
|
Reference to the relevant Acts |
Waived Rule/Regulation |
|
AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)
|
6.3.3. However, a Company must not be incorporated as an Investment Company, an existing Company must not be converted into an Investment Company, and a Company must not operate an Investment Company, unless:
(b) the AFSA has given its prior Written consent.
|
CONDITION
Reaching the threshold of 15 Clients does not require the registration of a new Exempt Fund. An incorporated fund may continue its operations but can onboard additional Clients only after obtaining the AFSA's Written consent.
DISCLAIMER
The requirements outlined in Clause 4.7 of the AIFC CIS Rules (Requirements for notification) and Schedule 9 of the AIFC Fees Rules (fees for providing notification for an Exempt Fund) remain mandatory for fund managers.
Please note that the AFSA assumes no responsibility for the fund's operation, or any actions taken by the fund manager. The fund manager is solely responsible for compliance and regulation associated with the fund's operation.
However, the constitution and offering materials of funds must comply with the AIFC regulations and rules, including, but not limited to:
- × AIFC Financial Services Framework Regulations
- × AIFC General Rules
- × AIFC Conduct of Business Rules
- × AIFC Collective Investment Scheme Rules
- × AIFC Market Rules
- × AIFC Companies Rules
- × AIFC Companies Regulations
- × AIFC Anti-Money Laundering, Counter-Terrorist Financing and Sanctions Rules
- × AIFC Prudential Rules for Investment Firms
EFFECTIVE PERIOD
This notice comes into effect on the date of publishing and remains in force until further notice.
INTERPRETATION
THIS NOTICE IS ISSUED PURSUANT TO SECTION 195 OF THE AIFC COMPANIES REGULATIONS BY THE REGISTRAR OF COMPANIES
AFSA Modification Notice No.AFSA-T-NB-2025-0009
THE ASTANA FINANCIAL SERVICES AUTHORITY HEREBY GIVES NOTICE THAT:
The Rule specified in the left-hand column of Table A is modified to the extent shown in the right-hand column of Table A, and the right-hand column of Table A applies to SkyBridge Invest JSC doing business in the AIFC as "Branch of SkyBridge JSC in the AIFC" in relation to SBI Active Fund Open-Ended Investment Company. In this table, underlining indicates new text and striking through indicates deleted text; otherwise, the Rule remains unaltered.
TABLE A. Modified Rule
|
AIFC Act |
Modified Rule |
|
AIFC Collective Investment Scheme Rules, Rule 8.2(a) |
8.2. Requirement for Fund Administrator (a) A Fund to which this chapter applies must have an Eligible Custodian |
EFFECTIVE PERIOD
This notice comes into effect on the date of issue and remains in force for a period of 1 year or until the Fund’s assets under management reach 10,000,000 USD (whichever occurs first).
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 PURSUANT TO SECTION 9 OF THE FINANCIAL SERVICES FRAMEWORK REGULATIONS BY THE ASTANA FINANCIAL SERVICES AUTHORITY.
AFSA Modification Notice No. AFSA-T-NB-2025-0008
THE ASTANA FINANCIAL SERVICES AUTHORITY HEREBY GIVES NOTICE THAT:
The Rule specified in the left-hand column of Table A is modified to the extent shown in the right-hand column of Table A, and the right-hand column of Table A applies to IPS Capital Ltd in relation to ITS Shariah ETF Fund OEIC Ltd. In this table, underlining indicates new text and striking through indicates deleted text; otherwise, the Rule remains unaltered.
TABLE A. Modified Rule
|
AIFC Act |
Modified Rule |
|
AIFC Collective Investment Scheme Rules, Rule 8.2(a) |
8.2. Requirement for Fund Administrator (a) A Fund to which this chapter applies must have an Eligible Custodian
|
EFFECTIVE PERIOD
This notice comes into effect on the date of issue and remains in force for a period of 1 year or until the Fund’s assets under management reach 10,000,000 USD (whichever occurs first).
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 PURSUANT TO SECTION 9 OF THE FINANCIAL SERVICES FRAMEWORK REGULATIONS BY THE ASTANA FINANCIAL SERVICES AUTHORITY.
AFSA Modification Notice No. AFSA-T-NB-2025-0007
THE ASTANA FINANCIAL SERVICES AUTHORITY HEREBY GIVES NOTICE THAT:
The Rule specified in the left-hand column of Table A is modified to the extent shown in the right-hand column of Table A, and the right-hand column of Table A applies to IPS Capital Ltd in relation to ITS World ETF Fund OEIC Ltd. In this table, underlining indicates new text and striking through indicates deleted text; otherwise, the Rule remains unaltered.
TABLE A. Modified Rule
|
AIFC Act |
Modified Rule |
|
AIFC Collective Investment Scheme Rules, Rule 8.2(a) |
8.2. Requirement for Fund Administrator (a) A Fund to which this chapter applies must have an Eligible Custodian
|
EFFECTIVE PERIOD
This notice comes into effect on the date of issue and remains in force for a period of 1 year or until the Fund’s assets under management reach 10,000,000 USD (whichever occurs first).
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 PURSUANT TO SECTION 9 OF THE FINANCIAL SERVICES FRAMEWORK REGULATIONS BY THE ASTANA FINANCIAL SERVICES AUTHORITY.
AFSA Notice No. AFSA-O-EC-2025-0380 from 21 October 2025 on the waiver confirmation
THE REGISTRAR OF COMPANIES OF THE ASTANA FINANCIAL SERVICES AUTHORITY HEREBY GIVES NOTICE THAT:
Section 6.3.3(b) of the AIFC Companies Rules is not applied to Stable Wealth Fund Open-Ended Investment Company Ltd. as specified in the right-hand column of Table A under the certain conditions set by this written notice.
Table A. Waived AIFC Act
|
Reference to the relevant Acts |
Waived Rule/Regulation |
|
AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)
|
6.3.3. However, a Company must not be incorporated as an Investment Company, an existing Company must not be converted into an Investment Company, and a Company must not operate an Investment Company, unless:
(b) the AFSA has given its prior Written consent.
|
CONDITION
Reaching the threshold of 15 Clients does not require the registration of a new Exempt Fund. An incorporated fund may continue its operations but can onboard additional Clients only after obtaining the AFSA's Written consent.
DISCLAIMER
The requirements outlined in Clause 4.7 of the AIFC CIS Rules (Requirements for notification) and Schedule 9 of the AIFC Fees Rules (fees for providing notification for an Exempt Fund) remain mandatory for fund managers.
Please note that the AFSA assumes no responsibility for the fund's operation, or any actions taken by the fund manager. The fund manager is solely responsible for compliance and regulation associated with the fund's operation.
However, the constitution and offering materials of funds must comply with the AIFC regulations and rules, including, but not limited to:
- × AIFC Financial Services Framework Regulations
- × AIFC General Rules
- × AIFC Conduct of Business Rules
- × AIFC Collective Investment Scheme Rules
- × AIFC Market Rules
- × AIFC Companies Rules
- × AIFC Companies Regulations
- × AIFC Anti-Money Laundering, Counter-Terrorist Financing and Sanctions Rules
- × AIFC Prudential Rules for Investment Firms
EFFECTIVE PERIOD
This notice comes into effect on the date of publishing and remains in force until further notice.
INTERPRETATION
THIS NOTICE IS ISSUED PURSUANT TO SECTION 195 OF THE AIFC COMPANIES REGULATIONS BY THE REGISTRAR OF COMPANIES
AFSA Notice No. AFSA-O-NB-2025-0001 from 18 September 2025 On striking Global ETF Umbrella OEIC Plc. off the Register
THE ASTANA FINANCIAL SERVICES AUTHORITY HEREBY GIVES NOTICE THAT:
Under section 167 (1) (a) of the AIFC Companies Regulations, the Registrar of Companies (the “Registrar”) intends to strike Global ETF Umbrella OEIC Plc. (BIN 250540900977) off the Register.
FACTS AND MATTERS RELIED UPON
The Registrar is of the opinion that Global ETF Umbrella OEIC Plc. is not conducting business or is not in operation in compliance with section 167 (1) (a) of the AIFC Companies Regulations.
This conclusion is supported by the absence of any business activity or operational presence within the AIFC.
No substantive steps have been taken by the company to commence or carry on business following registration, and there is no evidence to suggest that it is operational. These circumstances support the view that the company should be subject to administrative action under the relevant provisions.
EFFECTIVE PERIOD
This notice comes into effect on the date of issue.
AFSA Notice No. AFSA-O-EC-2025-0367 from 16 October 2025 on the waiver confirmation
THE REGISTRAR OF COMPANIES OF THE ASTANA FINANCIAL SERVICES AUTHORITY HEREBY GIVES NOTICE THAT:
Section 6.3.3(b) of the AIFC Companies Rules is not applied to Middle East Prosperity Fund CEIC Limited as specified in the right-hand column of Table A under the certain conditions set by this written notice.
Table A. Waived AIFC Act
|
Reference to the relevant Acts |
Waived Rule/Regulation |
|
AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)
|
6.3.3. However, a Company must not be incorporated as an Investment Company, an existing Company must not be converted into an Investment Company, and a Company must not operate an Investment Company, unless:
(b) the AFSA has given its prior Written consent.
|
CONDITION
Reaching the threshold of 15 Clients does not require the registration of a new Exempt Fund. An incorporated fund may continue its operations but can onboard additional Clients only after obtaining the AFSA's Written consent.
DISCLAIMER
The requirements outlined in Clause 4.7 of the AIFC CIS Rules (Requirements for notification) and Schedule 9 of the AIFC Fees Rules (fees for providing notification for an Exempt Fund) remain mandatory for fund managers.
Please note that the AFSA assumes no responsibility for the fund's operation, or any actions taken by the fund manager. The fund manager is solely responsible for compliance and regulation associated with the fund's operation.
However, the constitution and offering materials of funds must comply with the AIFC regulations and rules, including, but not limited to:
- × AIFC Financial Services Framework Regulations
- × AIFC General Rules
- × AIFC Conduct of Business Rules
- × AIFC Collective Investment Scheme Rules
- × AIFC Market Rules
- × AIFC Companies Rules
- × AIFC Companies Regulations
- × AIFC Anti-Money Laundering, Counter-Terrorist Financing and Sanctions Rules
- × AIFC Prudential Rules for Investment Firms
EFFECTIVE PERIOD
This notice comes into effect on the date of publishing and remains in force until further notice.
INTERPRETATION
THIS NOTICE IS ISSUED PURSUANT TO SECTION 195 OF THE AIFC COMPANIES REGULATIONS BY THE REGISTRAR OF COMPANIES
AFSA Notice No. AFSA-O-EC-2025-0365 from 15 October 2025 on the waiver confirmation
THE REGISTRAR OF COMPANIES OF THE ASTANA FINANCIAL SERVICES AUTHORITY HEREBY GIVES NOTICE THAT:
Section 6.3.3(b) of the AIFC Companies Rules is not applied to Keystone Capital Fund CEIC Ltd. as specified in the right-hand column of Table A under the certain conditions set by this written notice.
Table A. Waived AIFC Act
|
Reference to the relevant Acts |
Waived Rule/Regulation |
|
AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)
|
6.3.3. However, a Company must not be incorporated as an Investment Company, an existing Company must not be converted into an Investment Company, and a Company must not operate an Investment Company, unless:
(b) the AFSA has given its prior Written consent.
|
CONDITION
Reaching the threshold of 15 Clients does not require the registration of a new Exempt Fund. An incorporated fund may continue its operations but can onboard additional Clients only after obtaining the AFSA's Written consent.
DISCLAIMER
The requirements outlined in Clause 4.7 of the AIFC CIS Rules (Requirements for notification) and Schedule 9 of the AIFC Fees Rules (fees for providing notification for an Exempt Fund) remain mandatory for fund managers.
Please note that the AFSA assumes no responsibility for the fund's operation, or any actions taken by the fund manager. The fund manager is solely responsible for compliance and regulation associated with the fund's operation.
However, the constitution and offering materials of funds must comply with the AIFC regulations and rules, including, but not limited to:
- × AIFC Financial Services Framework Regulations
- × AIFC General Rules
- × AIFC Conduct of Business Rules
- × AIFC Collective Investment Scheme Rules
- × AIFC Market Rules
- × AIFC Companies Rules
- × AIFC Companies Regulations
- × AIFC Anti-Money Laundering, Counter-Terrorist Financing and Sanctions Rules
- × AIFC Prudential Rules for Investment Firms
EFFECTIVE PERIOD
This notice comes into effect on the date of publishing and remains in force until further notice.
INTERPRETATION
THIS NOTICE IS ISSUED PURSUANT TO SECTION 195 OF THE AIFC COMPANIES REGULATIONS BY THE REGISTRAR OF COMPANIES
AFSA Notice No. AFSA-Q-NB-2025-0053 ON WAIVER
THE ASTANA FINANCIAL SERVICES AUTHORITY (AFSA) HEREBY GIVES NOTICE THAT:
Rules 2.2.1(1), 3.3(1), and 4.2(1) of AIFC Prudential Rules for Investment Firms do not apply to REFORMATICS CAPITAL Ltd. under the certain conditions set by this written notice.
RULES WAIVED
|
# |
AIFC Act |
Waived Rule |
|
1. |
AIFC Prudential Rules for Investment Firms |
2.2.1 Financial resources
(1) A PRU Investment Firm, other than an Externally Regulated PRU Investment Firm, must have and maintain, at all times, Capital Resources and Liquid Assets of at least the minimum kinds and amounts required by, and calculated in accordance with, these PRU(INV) Rules.
|
|
2. |
3.3 Minimum Capital Requirement
(1) A PRU Investment Firm must ensure that it maintains at all times Capital Resources of at least its Minimum Capital Requirement.
|
|
|
3. |
4.2 Liquid Assets requirement
(1) A PRU Investment Firm must have, at all times, Liquid Assets whose value is at least equal to 25% of the firm’s Annual Operating Expenditure |
CONDITIONS
The requirements set by section 2.2.1(1), 3.3(1) and 4.2(1) of AIFC Prudential Rules do not apply to REFORMATICS CAPITAL Ltd. until and including 31 December 2025.
EFFECTIVE PERIOD
This notice comes into effect on the date of issue and remains effective until and including December 31st, 2025.
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 PURSUANT TO SECTION 9 OF THE FINANCIAL SERVICES FRAMEWORK REGLATIONS BY THE ASTANA FINANCIAL SERVICES AUTHORITY.
AFSA Notice No. AFSA-O-EC-2025-0360 from 8 October 2025 on the waiver confirmation
THE REGISTRAR OF COMPANIES OF THE ASTANA FINANCIAL SERVICES AUTHORITY HEREBY GIVES NOTICE THAT:
Section 6.3.3(b) of the AIFC Companies Rules is not applied to PulseTrade Open-Ended Investment Company Ltd. as specified in the right-hand column of Table A under the certain conditions set by this written notice.
Table A. Waived AIFC Act
|
Reference to the relevant Acts |
Waived Rule/Regulation |
|
AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)
|
6.3.3. However, a Company must not be incorporated as an Investment Company, an existing Company must not be converted into an Investment Company, and a Company must not operate an Investment Company, unless:
(b) the AFSA has given its prior Written consent.
|
CONDITION
Reaching the threshold of 15 Clients does not require the registration of a new Exempt Fund. An incorporated fund may continue its operations but can onboard additional Clients only after obtaining the AFSA's Written consent.
DISCLAIMER
The requirements outlined in Clause 4.7 of the AIFC CIS Rules (Requirements for notification) and Schedule 9 of the AIFC Fees Rules (fees for providing notification for an Exempt Fund) remain mandatory for fund managers.
Please note that the AFSA assumes no responsibility for the fund's operation, or any actions taken by the fund manager. The fund manager is solely responsible for compliance and regulation associated with the fund's operation.
However, the constitution and offering materials of funds must comply with the AIFC regulations and rules, including, but not limited to:
- × AIFC Financial Services Framework Regulations
- × AIFC General Rules
- × AIFC Conduct of Business Rules
- × AIFC Collective Investment Scheme Rules
- × AIFC Market Rules
- × AIFC Companies Rules
- × AIFC Companies Regulations
- × AIFC Anti-Money Laundering, Counter-Terrorist Financing and Sanctions Rules
- × AIFC Prudential Rules for Investment Firms
EFFECTIVE PERIOD
This notice comes into effect on the date of publishing and remains in force until further notice.
INTERPRETATION
THIS NOTICE IS ISSUED PURSUANT TO SECTION 195 OF THE AIFC COMPANIES REGULATIONS BY THE REGISTRAR OF COMPANIES