Chapter 3

HIGHLIGHTS
OF THE AIFC ESTABLISHMENT

2015

  • May
    Steps 70–73 of the 100 Concrete Steps Nation Plan: to establish the Astana International Financial Centre as a financial hub of the region
  • May
    Decree of the President of the Republic of Kazakhstan “On the Astana International Financial Centre” dated 19 May 2015
  • December
    Constitutional Statute of the Republic of Kazakhstan “On the Astana International Financial Centre” dated 7 December 2015
  • December
    The Astana International Financial Centre Authority is created
  • December
    Decree of the President of the Republic of Kazakhstan “On approval of the Statute on the Astana International Financial Centre Management Council and its composition” dated 31 December 2015
  • December
    Decree of the President of the Republic of Kazakhstan “On determination of the boundaries of the territory of the Astana International Financial Centre” dated 28 December 2015

2016

  • May
    The AIFC Management Council determines the AIFC Development Strategy and the Structure of the AIFC bodies
  • May
    Panel Session during the 2016 Astana Economic Forum: International Experience in Economic Growth: Mechanisms and Instruments for Astana International Financial Centre Development
  • May
    The 29th Plenary Session on the AIFC Development of the Foreign Investors’ Council chaired by the President of the Republic of Kazakhstan

2017

  • January
    The Astana Financial Services Authority is established as the independent regulator of both financial and non-financial services activities in the AIFC
  • March
    The AIFC Bureau for Continuing Professional Development is established
  • March
    The AIFC hosts the 2017 IFN CIS Forum
  • March
    The Governor of AIFC Kairat Kelimbetov was appointed as the Governor of the Islamic Development Bank (IsDB) Group for Kazakhstan
  • July
    The Finance Accreditation Agency (FAA) of Malaysia in partnership with AIFC organised in Astana the Certified Training Professional (CTP) programme for Islamic finance trainers.
  • September
    The AIFC holds the awards ceremony of the 7th Global Islamic Finance Awards (GIFA)
  • October
    The AIFC Expat Centre is established
  • November
    The Astana International Exchange (AIX) is established
  • November
    The Green Finance Concept and Strategy is adopted by the AIFC Authority
  • December
    The AIFC Court and International Arbitration Centre are established
  • December
    AIX onboarded strategic partners – Shanghai Stock Exchange and Nasdaq
  • December
    The AIFC becomes a full member of the Islamic Financial Services Board (IFSB) and the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI)
  • December
    Adoption of the AIFC General Legal Framework Acts

2018

  • January
    The official launch of the AIFC activities
  • January
    The AIFC organises a certification programme on Islamic finance in collaboration with the Bahrain Institute of Banking and Finance (BIBF) and the Chartered Institute for Securities & Investment (CISI)
  • February
    The AIFC becomes a member of the General Council for Islamic Banks and Institutions (CIBAFI)
  • February
    AFSA signs its first MoU with the China Securities Regulatory Commission (CSRC)
  • February
    AFSA signs a MoU with the regulator of the Abu Dhabi Market on FinTech co-operation
  • February
    AIX adopts the AIX Rules Book including the Green Bonds and Islamic financial instrument Rules
  • March
    The AIFC Advisory Council on Islamic Finance was established
  • March
    Launch of the International FinTechStars Acceleration program with international partner – Seedstars
  • April
    AIX receives its license from AFSA
  • April
    The Astana Financial Services Authority is accepted as an associate member of the International Organization of Securities Commissions (IOSCO)
  • June
    The AIFC Green Finance Centre is established
  • July
    FinTechStars Acceleration Programme Demo Day for startups and international investors and angles
  • July
    The AIFC organizes the Astana Finance Days
  • July
    The AIFC Official Launch