Regulatory Alerts2022-06-14 | https://aifc.kz/legal-framework/regulatory-guidance-on-fitness-and-propriety/Regulatory Guidance On Fitness and Propriety
The Astana Financial Services Authority issued this guidance to establish criteria for assessing whether individuals and legal persons are fit and proper to perform Controlled Functions. The document mandates that authorized persons and applicants bear the burden of proof to demonstrate integrity, competence, and financial soundness through comprehensive background checks and ongoing monitoring. It outlines specific factors for evaluation, including criminal history, regulatory compliance, and resource adequacy, to protect investors and maintain market integrity.
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