Regulatory Alerts2024-06-23 | https://aifc.kz/legal-framework/authorised-market-institution-rules/Added · Updated
Amendments No. 10 to the AIFC Authorised Market Institution Rules
Amendments No. 10 to the AIFC Authorised Market Institution Rules, approved on 7 December 2025 and commencing on 1 January 2026, update membership criteria and impose jurisdictional undertakings on Authorised Market Institutions and Investment Exchanges. The rules require entities to submit to the jurisdiction of the AFSA and AIFC Courts, and mandate the appointment of an agent for service of process for applicants incorporated outside the Republic of Kazakhstan. For Authorised Crowdfunding Platforms, the amendments introduce detailed requirements for client classification, risk disclosures, and the publication of actual and expected default or failure rates. These platforms must disclose default data quarterly within 10 days of the quarter's end, define loans as in default if over 90 days past due, and provide interactive educational tools and risk acknowledgement forms for Retail Clients.
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