AFSA Notice No. 0010 from 14 February 2020 on waiver and modification

THE ASTANA FINANCIAL SERVICES AUTHORITY HEREBY GIVES NOTICE THAT:

The Rules specified in the left-hand column of the Table A are modified to the extent shown in the right hand column of the Table A and apply to the Reporting Entities and the Persons that intend to have Shares admitted to an Official List or admitted to trading on an Authorised Investment Exchange, and the total aggregate consideration for such Shares offered is more than USD 100,000 (or an equivalent amount in another currency) and less than USD 200,000,000 (or an equivalent amount in another currency), calculated over a period of 12 months.

TABLE A – RULES MODIFIED

The Rules specified in the left-hand column of the Table A are modified to the extent shown in the right-hand column of the Table A.

AIFC Act	Modified Text
MAR 1.3.1	MAR 1.3.1 with respect to Regional Equity Market Segment (the “REMS”) Issuers   Prospectus Structure   A Prospectus shall be structured as a single document containing all the information set out in the Prospectus as determined by Authorised Investment Exchange.
MAR 3.4.2	MAR 3.4.2 with respect to the modification of timely disclosure regarding REMS   Time period for making market disclosure   Starting as of the first anniversary of the admission of the Shares and/ or Certificates over Shares to an Official List of Securities, a Reporting Entity must disclose its required financial reports within the following time periods: (a) in relation to its annual financial report: as soon as possible after the financial statements have been approved, but no later than 120 days after the end of the financial period; (b) in relation to its semi-annual financial report: as soon as possible and in any event no later than 60 days after the end of the period to which the report relates

 

EFFECTIVE PERIOD

This notice comes into effect on the date of issue and remains in force during the transition period until the earlier:

(i)             31 December 2020 or

(ii)            effective date of introduction of a new chapter for REMS.

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.