Regulatory Alerts2024-06-23 | https://aifc.kz/legal-framework/market-rules/Added · Updated
Amendments No. 12 to the AIFC Market Rules
Amendments No. 12 to the AIFC Market Rules, approved on 7 December 2025 and effective 1 January 2026, establish conditions for admitting securities to trading and offering securities in or from the AIFC, requiring an approved prospectus unless specific exemptions apply. The amendments define exemptions for placements based on investor status, such as Accredited Investors, limits on Retail Investors, and minimum consideration thresholds of USD 100,000 or aggregate caps of USD 5,000,000. They also update corporate governance principles for Reporting Entities, including exemptions for debenture issuers, and revise definitions for related party transactions and closed periods for dealings by restricted persons.
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