NOTICES 2023
AFSA Notice No. AFSA-F-NB-2023-0007 from 13 October 2023 on class modification
THE AFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the Table herein applies to Fintech Lab Participants that provide Financial Services involving Digital Assets.
TABLE – RULES MODIFIED
The Rules specified in the left-hand column of the Table below is 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.
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AIFC Act |
Modified Rule |
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AIFC Authorised Market Institution Rules 6.3.2. (3)(b) |
6.3.2. Application for admission of Digital Assets to Trading (3) An Authorised Digital Asset Trading Facility must, before admitting any Digital Asset to trading: (a) be satisfied that the applicable requirements, including those in its Admission to Trading Rules, have been or will be fully complied with in respect of such Digital Asset;
(b) obtain approval of the AFSA in respect of such Digital Asset, except for Digital Assets provided in the “Table of Digital Assets approved by AFSA for trading on the Digital Asset Trading Facilities licensed in AIFC” published on AFSA’s official website in respect of Digital Asset Trading Facilities that are Fintech Lab Participants; and
c) If a Digital Asset Trading Facility Operator that is a Fintech Lab Participant decides to admit a Digital Asset to trading, the Digital Asset Trading Facility Operator is required to notify the AFSA 10 days prior to the date of the admission of the Digital Asset to trading. |
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AIFC Fintech Rules Schedule 1 |
1-1 Conditions for Fintech Lab Participants during Testing/Development 1.1. If a Fintech Lab Participant decides to use Digital Assets provided in the “Table of Digital Assets approved by AFSA for trading on the Digital Asset Trading Facilities licensed in AIFC” published on AFSA’s official website, Fintech Lab Participant is required to notify the AFSA 10 days prior to the date of the providing services with Digital Assets.
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CONDITIONS
None.
EFFECTIVE PERIOD
This notice comes into effect from 13 October 2023 and remains effective until further Notice.
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 BY THE ASTANA FINANCIAL SERVICES AUTHORITY PURSUANT TO SECTIONS 9 and 32 OF THE ASTANA INTERNATIONAL FINANCIAL CENTRE FINANCIAL SERVICES FRAMEWORK REGULATIONS AND 3.2.2(b)(vi) OF THE AIFC FINANCIAL TECHNOLOGY RULES.