Regulatory Alerts2023-04-05 | https://aifc.kz/legal-framework/guidance-on-competence-assessment/Guidance on Competence Assessment
The Astana Financial Services Authority issued this guidance to define minimum competence expectations for individuals performing Controlled or Designated Functions within Authorised Persons. It mandates that firms conduct both initial and ongoing assessments of skills, knowledge, and experience, ensuring these align with the specific role and the firm's business complexity. Additionally, firms are required to establish, maintain, and annually review a comprehensive training and competence programme to demonstrate regulatory compliance.
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