NOTICES 2025

AFSA Notice No. AFSA-O-EC-2025-0446 from 27 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 Summit Private Equity 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.

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-2025-0445 from 26 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 Altaira Invest Fund Open-Ended Investment Company 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.

Reference to the relevant Acts

Waived Rule/Regulation

AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)

(b) the AFSA has given its prior Written consent.

CONDITION

DISCLAIMER

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-2025-0414 from 25 November 2025 on reduction of late filing fees in relation to certain AIFC participants

THE REGISTRAR OF COMPANIES OF THE ASTANA FINANCIAL SERVICES AUTHORITY (AFSA), hereby announces temporary measures in relation to late filing fees rate to encourage timely compliance with statutory annual filing obligations.

This special measure is specifically aimed at AIFC Participants whose business activities do not fall within the scope of the activities set out in the Financial Services Framework Regulations. Companies registered or incorporated in the AIFC Jurisdiction.

I. Conditions

Target Group	AIFC Participants who does not have or have been never obtained a licence to carry on financial services and/or ancillary services and are registered as a Private Company, Limited Liability Partnership, General Partnership, Limited Partnership, Non-Profit Incorporated Organisation, Foundation)
Applicable filing	Annual return, annual confirmation statement or annual accounts
Eligible years	Financial years 2022 and 2023
Reduction validity period	The reduced late filing fee will apply to annual filings filed up to and including 31 December 2025
Reduced late filing fees	$120 per each reporting period

This initiative is implemented to support the non-financial sector within the AIFC ecosystem by providing financial relief and promoting good corporate governance and adherence to reporting deadlines.

II. Relevant Legal Framework

Participants are reminded that the obligation to file an annual return, annual confirmation statement and/or annual accounts stems from the AIFC legislative framework, primarily:

AIFC Companies Regulations or other relevant legislation administered by the Registrar of Companies, specifically provisions relating to the filing of an annual return and required documentation.
AIFC Companies Rules or other relevant legislation administered by the Registrar of Companies, which stipulate the practical requirements and forms for filing.
AIFC Fees Rules, which detail the prescribed fees, including those for filing an annual filing (see relevant provisions under Schedule 5-2: Fees payable to the Registrar of Companies in respect of filing an annual return, annual confirmation of accuracy of information in the register or accounts).
AIFC Fees Rules, Schedule 5.1.3. The AFSA or Registrar of Companies may reduce, waive or refund all or part of any fee if, having considered the circumstances of a particular case, it deems it would be equitable to do so.

For further guidance and detailed filing procedures, please refer to the official AFSA’s official web site: https://afsa.aifc.kz/registration/annual-filings-reporting/.

EFFECTIVE PERIOD

This notice comes into effect on the date of issue and remains in force until 31 December 2025 (inclusively).

AFSA Notice No. AFSA-O-EC-2025-0411 from 21 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 Stonebridge Capital Private Equity 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.

Reference to the relevant Acts

Waived Rule/Regulation

AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)

(b) the AFSA has given its prior Written consent.

CONDITION

DISCLAIMER

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-2025-0408 from 19 November 2025 on 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 Orion Global Investments 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.

Reference to the relevant Acts

Waived Rule/Regulation

AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)

(b) the AFSA has given its prior Written consent.

CONDITION

DISCLAIMER

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-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.

Reference to the relevant Acts

Waived Rule/Regulation

AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)

(b) the AFSA has given its prior Written consent.

CONDITION

DISCLAIMER

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.

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.

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.

Reference to the relevant Acts

Waived Rule/Regulation

AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)

(b) the AFSA has given its prior Written consent.

CONDITION

DISCLAIMER

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.

Reference to the relevant Acts

Waived Rule/Regulation

AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)

(b) the AFSA has given its prior Written consent.

CONDITION

DISCLAIMER

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.

Reference to the relevant Acts

Waived Rule/Regulation

AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)

(b) the AFSA has given its prior Written consent.

CONDITION

DISCLAIMER

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.

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.

Reference to the relevant Acts

Waived Rule/Regulation

AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)

(b) the AFSA has given its prior Written consent.

CONDITION

DISCLAIMER

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 ~~and a Fund Administrator, in both cases~~ acceptable to the AFSA. This is subject to the exception to appoint an Eligible Custodian contained in Rule 8.2(b) and Rule 8.2(e).

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

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

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

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

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

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.

Reference to the relevant Acts

Waived Rule/Regulation

AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)

(b) the AFSA has given its prior Written consent.

CONDITION

DISCLAIMER

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.

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.

Reference to the relevant Acts

Waived Rule/Regulation

AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)

(b) the AFSA has given its prior Written consent.

CONDITION

DISCLAIMER

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.

Reference to the relevant Acts

Waived Rule/Regulation

AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)

(b) the AFSA has given its prior Written consent.

CONDITION

DISCLAIMER

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

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-2025-0361 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 Algotech 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.

Reference to the relevant Acts

Waived Rule/Regulation

AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)

(b) the AFSA has given its prior Written consent.

CONDITION

DISCLAIMER

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-2025-0360 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.

Reference to the relevant Acts

Waived Rule/Regulation

AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)

(b) the AFSA has given its prior Written consent.

CONDITION

DISCLAIMER

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-2025-0002 on Withdrawal of the Licences to carry on Ancillary Services

THE ASTANA FINANCIAL SERVICES AUTHORITY HEREBY GIVES NOTICE THAT:

Pursuant to Rule 1.3.6(e) of the AIFC General Rules, the AFSA has withdrawn the following Licences to carry on Ancillary Services:

Firm name	Licence number
Advantage Kazakhstan Ltd.	AFSA-A-LA-2019-0030
DEFENDUM Ltd.	AFSA-A-LA-2019-0047
JacksonMSV [Central Asia] Ltd.	AFSA-A-LA-2021-0004
Khan-Tengri Management Limited	AFSA-A-LA-2020-0001
LEGAL FINTECH SOLUTIONS Ltd.	AFSA-O-LA-2024-0016

The withdrawal is made due to the failure of the Firms to comply with Rule 3 (Annual Supervision Fees Payable to the AFSA) of the AIFC Fees Rules.

EFFECTIVE PERIOD

This notice comes into effect on 30 September 2025 and remains in force until further notice of the AFSA.

IMPORTANT INFORMATION

As a result of this action, the above firms are no longer authorised by AFSA to provide Ancillary Services or to make any representations suggesting such authorisation within or from the AIFC.

AFSA strongly advises clients, investors, and counterparties to take this information into account when dealing with these firms.

AFSA also encourages the public to check the Public Register, which contains business information on companies authorised and/or registered by AFSA. This is a crucial step to verify that a firm is properly authorised before engaging with any of its services or products.

AFSA Notice No. AFSA-O-EC-2025-0358 from 7 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 Central Asia Warehouse Private Equity 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.

Reference to the relevant Acts

Waived Rule/Regulation

AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)

(b) the AFSA has given its prior Written consent.

CONDITION

DISCLAIMER

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-2025-0356 from 3 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 Ertis Nomad 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.

Reference to the relevant Acts

Waived Rule/Regulation

AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)

(b) the AFSA has given its prior Written consent.

CONDITION

DISCLAIMER

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-T-NB-2025-0006 ON WAIVER

THE ASTANA FINANCIAL SERVICES AUTHORITY HEREBY GIVES NOTICE THAT:

Section 92 (2) of the AIFC Financial Services Framework Regulations (FSFR) does not apply to BGlobal Ventures Ltd. to carry on the Regulated Activity of Managing a Collective Investment Scheme in respect of Qazaqstan Growth and Development Fund LP as specified in the right-hand column of Table A under the certain conditions set by this written notice.

Table A. Waived AIFC Act

AIFC Act

Waived Rule/Regulation

AIFC FSFR, Section 92 (2)

92. Definition of Collective Investment Scheme

(2) The arrangements must be such that the Persons who are to participate do not have day-to-day control over the management of the property, whether or not they have the right to be consulted or to give directions.

CONDITIONS

1. The Fund Manager must implement and maintain robust systems, controls, and oversight arrangements designed to effectively manage actual and potential conflicts of interest, ensure best execution of investment decisions, and uphold principles of fair treatment.

2. Onboarding of at least one independent Unitholder within 9 months from the date of the Fund’s incorporation.

3. The Fund Manager must obtain formal approval from at least one independent Unitholder of a Fund for the application of the waiver provisions, no later than within 9 months from the date of the Fund’s incorporation.

4. Following the grant of the waiver, the Fund Manager must revise all relevant offering materials, the Fund’s constitution, and any associated documents to ensure full alignment with the terms of the waiver and the requirements of the Acting Law of the AIFC.

EFFECTIVE PERIOD

This notice comes into effect on the date of issue and remains in force until AFSA further notice.

INTERPRETATION

The provisions in this notice are to be construed as if these provisions are provisions of the AIFC Regulations or AIFC Rules.

Defined terms are identified in this notice by the capitalization 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 capitalization of the initial letter is not used, an expression has its natural meaning.

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

AFSA Notice No. AFSA-O-EC-2025-0353 from 30 September 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 Dominion Umbrella 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.

Reference to the relevant Acts

Waived Rule/Regulation

AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)

(b) the AFSA has given its prior Written consent.

CONDITION

DISCLAIMER

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-2025-0345 from 22 September 2025 on the waiver

THE REGISTRAR OF COMPANIES OF THE ASTANA INTERNATIONAL FINANCIAL CENTRE HEREBY GIVES NOTICE THAT:

With regard to the Waiver application submitted by Fonte Capital Ltd dated 22 September 2025, the decision was made that subsection 3 (a) of section 43 (Minimum share capital) of the AIFC Companies Regulations does not apply to Fonte Fixed Income Fund OEIC Plc. (hereinafter – the Fund), a Public Investment Company proposed to be incorporated in the AIFC by Fonte Capital Ltd., as specified in the right-hand column of Table A.

Pursuant to section 195 of the AIFC Companies Regulations, the Registrar of Companies has the power to modify or waive provisions of the AIFC Companies Regulations, the Rules, and any other Legislation Administered by the Registrar on the application or with the consent of a Person.

Table A. Waived AIFC Rule

AIFC Act	Waived Rule/Regulation
AIFC Companies Regulations, Part 7, Chapter 3, section 43 subsection (3)(a)	Section 43. Minimum share capital (…) (3) A Public Company: (a) must have an allotted share capital (excluding treasury Shares) of no less than U.S. $100,000 at any time; and

AIFC Act

Waived Rule/Regulation

AIFC Companies Regulations, Part 7, Chapter 3, section 43 subsection (3)(a)

Section 43. Minimum share capital

(…)

(3) A Public Company:

(a) must have an allotted share capital (excluding treasury Shares) of no less than U.S. $100,000 at any time; and

EFFECTIVE PERIOD

This notice comes into effect on the date of incorporation of the Fund and remains in force from the date of incorporation or until it is withdrawn by the Registrar of Companies.

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-2025-0344 from 22 September 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 II 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.

Reference to the relevant Acts

Waived Rule/Regulation

AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)

(b) the AFSA has given its prior Written consent.

CONDITION

DISCLAIMER

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-2025-0338 from 17 September 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 Mobility 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.

Reference to the relevant Acts

Waived Rule/Regulation

AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)

(b) the AFSA has given its prior Written consent.

CONDITION

DISCLAIMER

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-2025-0333 from 15 September on the waiver confirmation 2025

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 Zhetysu 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.

Reference to the relevant Acts

Waived Rule/Regulation

AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)

(b) the AFSA has given its prior Written consent.

CONDITION

DISCLAIMER

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-2025-0332 from 15 September 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 Saryarka 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.

Reference to the relevant Acts

Waived Rule/Regulation

AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)

(b) the AFSA has given its prior Written consent.

CONDITION

DISCLAIMER

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-2025-0330 from 11 September 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 Raimondo 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.

Reference to the relevant Acts

Waived Rule/Regulation

AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)

(b) the AFSA has given its prior Written consent.

CONDITION

DISCLAIMER

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-2025-0329 from 3 September 2025 on Withdrawal of the Licences to carry on Ancillary Services

THE ASTANA FINANCIAL SERVICES AUTHORITY HEREBY GIVES NOTICE THAT:

Pursuant to Rule 1.3.6(e) of the AIFC General Rules, the AFSA has withdrawn the following Licences to carry on Ancillary Services:

Firm name	Licence number
Lighthouse Group Limited	AFSA-A-LA-2020-0009
NOLDOR Ltd.	AFSA-A-LA-2019-0033
Nomad Consulting Ltd.	AFSA-A-LA-2019-0039

The withdrawal is made due to the failure of the Firms to comply with Rule 3 (Annual Supervision Fees Payable to the AFSA) of the AIFC Fees Rules.

EFFECTIVE PERIOD

This notice comes into effect on 27 August 2025 and remains in force until further notice of the AFSA.

IMPORTANT INFORMATION

As a result of this action, the above firms are no longer authorised by AFSA to provide Ancillary Services or to make any representations suggesting such authorisation within or from the AIFC.

AFSA strongly advises clients, investors, and counterparties to take this information into account when dealing with these firms.

AFSA Notice No. AFSA-O-EC-2025-0326 from 3 September 2025 on striking Alem Development Holding Ltd. Ltd.off the Register

THE ASTANA FINANCIAL SERVICES AUTHORITY HEREBY GIVES NOTICE THAT:

Under section 167 (1)(c) of the AIFC Companies Regulations, the Registrar of Companies (the “Registrar”) intends to strike Alem Development Holding Ltd. Ltd. (BIN 250740900598) off the Register.

FACTS AND MATTERS RELIED UPON

The Registrar is of the opinion that Alem Development Holding Ltd. Ltd. is not conducting business or is not in operation in compliance with section 167 (1)(c) of the AIFC Companies Regulations.

This conclusion is supported by the absence of any business activity or operational presence within the AIFC.

EFFECTIVE PERIOD

This notice comes into effect on the date of issue.

AFSA Notice No. AFSA-O-EC-2025-0320 from 27 August 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 Future Minerals Junior Mining Fund CEIC Ltd. as specified in the right-hand column of Table A under 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.

Reference to the relevant Acts

Waived Rule/Regulation

AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)

(b) the AFSA has given its prior Written consent.

CONDITION

DISCLAIMER

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-2025-0308 from 25 August 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 AGS Global Ventures Umbrella Fund Closed-Ended Investment Company 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.

Reference to the relevant Acts

Waived Rule/Regulation

AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)

(b) the AFSA has given its prior Written consent.

CONDITION

DISCLAIMER

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-2025-0307 from 21 August 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 I 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.

Reference to the relevant Acts

Waived Rule/Regulation

AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)

(b) the AFSA has given its prior Written consent.

CONDITION

DISCLAIMER

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-2025-0292 from 12 August 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 WR Digital Hedge 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.

Reference to the relevant Acts

Waived Rule/Regulation

AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)

(b) the AFSA has given its prior Written consent.

CONDITION

DISCLAIMER

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-2025-0291 from 11 August 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 Ruby Capital 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.

Reference to the relevant Acts

Waived Rule/Regulation

AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)

(b) the AFSA has given its prior Written consent.

CONDITION

DISCLAIMER

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-2025-0290 from 11 August 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 Jasper Capital 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.

Reference to the relevant Acts

Waived Rule/Regulation

AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)

(b) the AFSA has given its prior Written consent.

CONDITION

DISCLAIMER

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-2025-0289 from 11 August 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 Jade Capital 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.

Reference to the relevant Acts

Waived Rule/Regulation

AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)

(b) the AFSA has given its prior Written consent.

CONDITION

DISCLAIMER

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-2025-0284 from 6 August 2025 on the waiver

THE REGISTRAR OF COMPANIES OF THE ASTANA INTERNATIONAL FINANCIAL CENTRE HEREBY GIVES NOTICE THAT:

With regard to the Waiver application submitted by IPS Capital Ltd. dated 05 August 2025, the decision was made that subsection 3 (a) of section 43 (Minimum share capital) of the AIFC Companies Regulations does not apply to ITS Dollar Liquidity ETF OEIC PLC (hereinafter – the Fund), a Public Investment Company proposed to be incorporated in the AIFC by IPS Capital Ltd., as specified in the right-hand column of Table A.

Table A. Waived AIFC Rule

AIFC Act	Waived Rule/Regulation
AIFC Companies Regulations, Part 7, Chapter 3, section 43 subsection (3)(a)	Section 43. Minimum share capital (…) (3) A Public Company: (a) must have an allotted share capital (excluding treasury Shares) of no less than U.S. $100,000 at any time; and

AIFC Act

Waived Rule/Regulation

AIFC Companies Regulations, Part 7, Chapter 3, section 43 subsection (3)(a)

Section 43. Minimum share capital

(…)

(3) A Public Company:

(a) must have an allotted share capital (excluding treasury Shares) of no less than U.S. $100,000 at any time; and

EFFECTIVE PERIOD

This notice comes into effect on the date of incorporation of the Fund and remains in force from the date of incorporation or until it is withdrawn by the Registrar of Companies.

INTERPRETATION

THIS NOTICE IS ISSUED PURSUANT TO SECTION 195 OF THE AIFC COMPANIES REGULATIONS BY THE REGISTRAR OF COMPANIES.

AFSA Notice No. AFSA-T-OA-2025-0162 from 6 August 2025 on the modification

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 Dollar Liquidity ETF OEIC PLC subject to conditions below. 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 ~~and a Fund Administrator~~, ~~in both cases~~ acceptable to the AFSA. This is subject to the exception to appoint an Eligible Custodian contained in Rule 8.2(b) and Rule 8.2(e).

EFFECTIVE PERIOD
This notice comes into effect on the date of incorporation of the ITS Dollar Liquidity ETF OEIC PLC 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-2025-0279 from 31 May 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 BRIG PRIVATE EQUITY 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.

Reference to the relevant Acts

Waived Rule/Regulation

AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)

(b) the AFSA has given its prior Written consent.

CONDITION

DISCLAIMER

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-2025-0272 from 23 July 2025 on the waiver

THE REGISTRAR OF COMPANIES OF THE ASTANA INTERNATIONAL FINANCIAL CENTRE HEREBY GIVES NOTICE THAT:

With regard to the Waiver application submitted by Fonte Capital Ltd. dated 8 July 2025, the decision was made that subsection 3 (a) of section 43 (Minimum share capital) of the AIFC Companies Regulations does not apply to Fonte Solana Exchange-Traded Fund OEIC PLC. (hereinafter – the Fund), a Public Investment Company proposed to be incorporated in the AIFC by Fonte Capital Ltd., as specified in the right-hand column of Table A.

Table A. Waived AIFC Rule

AIFC Act	Waived Rule/Regulation
AIFC Companies Regulations, Part 7, Chapter 3, section 43 subsection (3)(a)	Section 43. Minimum share capital (…) (3) A Public Company: (a) must have an allotted share capital (excluding treasury Shares) of no less than U.S. $100,000 at any time; and

EFFECTIVE PERIOD
This notice comes into effect on the date of incorporation of the Fund and remains in force from the date of incorporation or until
it is withdrawn by the Registrar of Companies.

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 195 OF THE AIFC COMPANIES REGULATIONS BY THE REGISTRAR OF COMPANIES.

AFSA Notice No. AFSA-O-EC-2025-0267 from 21 July 2025 on the modification

THE REGISTRAR OF COMPANIES HEREBY GIVES NOTICE THAT:

The provisions of the AIFC Act specified in the left-hand column of Table A is modified to the extent shown in the right-hand column of Table A and right hand column of Table A apply to the Qanat Invest Limited’s (the ‘Company’) EM Liquidity Fund OEIC Limited that intends to have its units admitted to trading on Astana International Exchange under conditions set by this notice.

In this table, underlining indicates new text and striking through indicates deleted text, otherwise the Rule remains unaltered.

Table A. Regulations and Rules waived

AIFC Act	Modified text
AIFC Companies Regulation, Part 7, Regulation 50(1)(a)	50. Prohibition of public offers by Private Companies (1) A Private Company must not: (a) make an offer of its Securities to the public; or (b) allot or agree to allot its Securities to any Person with a view to the Securities being offered to the public In this section “Securities” do not include units. (…)

AIFC Act

Modified text

AIFC Companies Regulation, Part 7, Regulation 50(1)(a)

50. Prohibition of public offers by Private Companies

(1) A Private Company must not:

(a) make an offer of its Securities to the public; or

(b) allot or agree to allot its Securities to any Person with a view to the Securities being offered to the public

In this section “Securities” do not include units.

(…)

CONDITIONS

This notice is applicable to the Qanat Invest Limited’s’s EM Liquidity Fund OEIC Limited only in case of AFSA’s approval under the AFSA Notice № AFSA-C-OA-2024-0454 from 17 June 2024 on modification (Domestic Fund Managers of Exempt Funds).

EFFECTIVE PERIOD

This notice comes into effect on the date of issue and remains in force until withdrawn or varied by the Registrar of Companies on the Registrar’s own initiative or on the application of the Company.

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 Companies Regulations, AIFC Personal Property Regulations, AIFC Dematerialised Investment Rules. 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 195 OF THE AIFC COMPANIES REGULATIONS BY THE REGISTRAR OF COMPANIES

AFSA Notice No. AFSA-O-EC-2025-0248 from 16 July 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 Quartz Capital 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.

Reference to the relevant Acts

Waived Rule/Regulation

AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)

(b) the AFSA has given its prior Written consent.

CONDITION

DISCLAIMER

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-2025-0247 from 16 July 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 Agate Capital 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.

Reference to the relevant Acts

Waived Rule/Regulation

AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)

(b) the AFSA has given its prior Written consent.

CONDITION

DISCLAIMER

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-2025-0264 from 17 July 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 Alem Crypto 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.

Reference to the relevant Acts

Waived Rule/Regulation

AIFC Companies Rules, Part 6, section 6.3, Sub-Section 6.3.3 (b)

(b) the AFSA has given its prior Written consent.

CONDITION

DISCLAIMER

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-F-NB-2025-0057 from 11 July 2025 on class modification

THE AFSA HEREBY GIVES NOTICE THAT:

The Rules specified in the Table herein applies to Digital Asset Service Providers among Fintech Lab Participants.

TABLE – RULES MODIFIED

The Rules specified in the left-hand column of the Table below are modified to the extent shown in the right-hand column of the Table below. In this table, underlining indicates new text, otherwise the Rules remains unaltered.

AIFC Act

Modified Rule

Rule 2.8.1. of the AIFC Rules On Digital Asset Activities

2.8.1. Application for admission of Digital Assets to trading

(…)

(2) A Digital Asset can be admitted to trading on the Digital Asset Service Provider’s own initiative. If a Digital Asset Service Provider is a FinTech Lab Participant, then it needs to obtain approval of the AFSA on trading such Digital Asset, except:

(a) for Digital Assets provided in the “Table of Digital Assets approved by the Astana Financial Services Authority for trading by Digital Asset Service Providers licensed in the AIFC” published on AFSA’s official website in respect of Digital Asset Service Providers that are FinTech Lab Participants; and

(b) for Fiat and Commodity stablecoins, issued by the Digital Asset Service Providers holding the relevant Licence.

Rule 2.8.2. of the AIFC Rules On Digital Asset Activities

2.8.2. Admission criteria

(…)

(5) If a Digital Asset Service Provider decides to admit a Digital Asset to trading, the Digital Asset Service Provider is required to notify the AFSA within 3 days after the date of the admission of the Digital Asset to trading.

CONDITIONS

None.

EFFECTIVE PERIOD

This notice comes into effect from 11 July 2025 and remains effective until further Notice.

INTERPRETATION

THIS NOTICE IS ISSUED BY THE ASTANA FINANCIAL SERVICES AUTHORITY PURSUANT TO SECTIONS 9 and 32 OF THE AIFC FINANCIAL SERVICES FRAMEWORK REGULATIONS AND Rule 3.2.2(b)(vi) OF THE AIFC FINANCIAL TECHNOLOGY RULES.

AFSA Notice No. AFSA-T-NB-2025-0005 from 30 June 2025 on waiver

THE ASTANA FINANCIAL SERVICES AUTHORITY HEREBY GIVES NOTICE THAT:

Section 92 (2) of the AIFC Financial Services Framework Regulations (FSFR) does not apply to BV Management Ltd. to carry on the Regulated Activity of Managing a Collective Investment Scheme in respect of Kokzhiyek Fund LP as specified in the right-hand column of Table A under the certain conditions set by this written notice.

Table A. Waived AIFC Act

AIFC Act	Waived Rule/Regulation
AIFC FSFR, Section 92 (2)	92. Definition of Collective Investment Scheme (2) The arrangements must be such that the Persons who are to participate do not have day-to-day control over the management of the property, whether or not they have the right to be consulted or to give directions.

CONDITIONS
1. The Fund Manager must implement and maintain robust systems, controls, and oversight arrangements designed to effectively manage actual and potential conflicts of interest, ensure best execution of investment decisions, and uphold principles of fair treatment.

2. Following the grant of the waiver, the Fund Manager must revise all relevant offering materials, the Fund’s constitution, and any associated documents to ensure full alignment with the terms of the waiver and the requirements of the Acting Law of the AIFC.

EFFECTIVE PERIOD

This notice comes into effect on the date of issue and remains in force until AFSA further notice.

INTERPRETATION

The provisions in this notice are to be construed as if these provisions are provisions of the AIFC Regulations or AIFC Rules.

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

AFSA Notice No. AFSA-T-NB-2025-0003 from 15 May 2025 on waiver

THE ASTANA FINANCIAL SERVICES AUTHORITY HEREBY GIVES NOTICE THAT:

Section 92 (2) of the AIFC Financial Services Framework Regulations (FSFR) does not apply to BV Management Ltd. to carry on the Regulated Activity of Managing a Collective Investment Scheme in respect of Qazaqstan Growth and Development Fund LP as specified in the right-hand column of Table A under the certain conditions set by this written notice.

Table A. Waived AIFC Act

AIFC Act

Waived Rule/Regulation

AIFC FSFR, Section 92 (2)

92. Definition of Collective Investment Scheme

CONDITIONS

2. Onboarding of at least one independent Unitholder within 9 months from the date of the Fund’s incorporation.

EFFECTIVE PERIOD

This notice comes into effect on the date of issue and remains in force until AFSA further notice.

INTERPRETATION

The provisions in this notice are to be construed as if these provisions are provisions of the AIFC Regulations or AIFC Rules.

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

AFSA Modification Notice No. AFSA-T-OA-2025-0104 from 3 April 2025

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 Global ETF Umbrella OEIC PLC 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

EFFECTIVE PERIOD

This notice comes into effect on the date of incorporation of the Global ETF Umbrella OEIC PLC and remains in force for a period of 1 year or until the Fund’s assets under management reach 10,000,000 USD.

INTERPRETATION

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-OA-2025-0103 from 3 April 2025

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 Global Single Div Stock ETF Umbrella OEIC PLC 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

EFFECTIVE PERIOD

This notice comes into effect on the date of incorporation of the Global Single Div Stock ETF Umbrella OEIC PLC and remains in force for a period of 1 year or until the Fund’s assets under management reach 10,000,000 USD.

INTERPRETATION

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-OA-2025-0100 from 3 April 2025

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 Global Single Stock ETF Umbrella OEIC PLC. 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

EFFECTIVE PERIOD

This notice comes into effect on the date of incorporation of the Global Single Stock ETF Umbrella OEIC PLC and remains in force for a period of 1 year or until the Fund’s assets under management reach 10,000,000 USD.

INTERPRETATION

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