Regulatory Alerts2020-01-17 | https://aifc.kz/legal-framework/guidance-on-interpretation-of-aifc-market-rules-requirements-regarding-pro-forma-information/Guidance on Interpretation of AIFC Market Rules Requirements Regarding Pro-Forma Financial Information
The Authority for Financial Services of the AIFC issued this guidance to clarify the requirements for including pro-forma financial information in prospectuses under AIFC Market Rules. The document mandates that issuers disclose detailed descriptions of transactions and adjustments when significant gross changes occur, ensuring all data is prepared consistently with the issuer's accounting policies. It further requires specific formatting, clear labeling of hypothetical nature, and independent auditor verification to confirm the proper compilation and basis of the pro-forma statements.
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