Regulatory Alerts2021-12-14 | https://aifc.kz/legal-framework/supervisory-policy-statement-on-the-afsas-approach-to-branch-supervision/Supervisory Policy Statement on the AFSA’s Approach to Branch Supervision
The Astana Financial Services Authority (AFSA) issues this Supervisory Policy Statement to define its expectations for supervising international firms operating branches within the Astana International Financial Centre. The document mandates that firms meet threshold conditions, demonstrate equivalence of their home jurisdiction's prudential regime, and maintain robust supervisory cooperation through mechanisms like Memoranda of Understanding. AFSA utilizes these criteria to determine whether a firm may operate as a branch or must establish a subsidiary, potentially imposing additional conditions based on the firm's size and systemic importance.
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