Core bodies and institutions
AIFC MANAGEMENT COUNCIL

The Management Council is the supreme governing body of the AIFC, headed by the President of the Republic of Kazakhstan. The Council determines strategic directions for the development of the AIFC and fosters the development of favourable conditions for establishing the AIFC as a leading international financial centre.

During its first meeting in May, 2016, the Council defined the structure of the AIFC bodies and determined the AIFC Development Strategy1 until 2021.

1The AIFC Development Strategy was determined by AIFC Management Council in accordance with paragraph 3 of Article 10 of the Constitutional Statute of the Republic of Kazakhstan "On the Astana International Financial Centre".

Nursultan Nazarbayev
Chairman, President of Kazakhstan

Bakytzhan Sagintayev
Deputy Chairman, Prime Minister of Kazakhstan

Dr. Jacob A. Frenkel
CEO, JP Morgan Chase International
Sir Suma Chakrabarti
President, EBRD
Herman Gref
CEO, Sberbank of Russia
Arkadiy Volozh
Co-founder and CEO, Yandex

Kairat Kelimbetov
Governor of AIFC
Bakhyt Sultanov
Minister of Finance
Timur Suleimenov
Minister of National Economy
Daniyar Akishev
Governor of the National Bank
ASTANA INTERNATIONAL FINANCIAL CENTRE AUTHORITY

The AIFC Authority is the management body that was established to facilitate strategic development, the development of services in the territory of the AIFC, and the infrastructural management of the centre. The Authority is also committed to the advancement of the AIFC in the global markets, as well as the attraction of potential participants to the centre.

The AIFC Authority aims to contribute to the development of Astana as a truly global international financial hub of the Central Asia, the Caucasus, the Eurasian Economic Union, the Middle East and Europe by providing high international standards in financial services, regulations and rule of law. In pursuing this, the AIFC Authority assesses all aspects of AIFC.

The AIFC Authority ensures a safe investment ecosystem at AIFC, in which investors have confidence and business is trusted. By working at AIFC, participants enjoy a well-established corporate governance regime that promotes the best international standards and principles that are respected globally.

One of the goals set at the AIFC Authority is to further enhance the role of global integration within the framework of the AIFC, as well as to promote the principle vision of AIFC worldwide, while establishing contacts with regulators and participants of international financial centres, foreign financial organisations and investment companies.

Moreover, the AIFC Authority intends to support the growth of companies working with AIFC by providing a high quality and efficient management system and a sound set of services.

Nurlan Kussainov
Chairman of the Management Board
Kairat Aitekenov
Deputy Chairman of the Management Board

Marat Aitenov
Deputy Chairman of the Management Board
Yernur Rysmagambetov
Managing Director, member of the Management Board
ASTANA FINANCIAL SERVICES AUTHORITY

The Astana Financial Services Authority is the integrated regulator of all regulated activities, market activities, ancillary services, companies and partnerships in the AIFC.

Its mission is to establish an environment that delivers a fair and transparent financial and capital market in which individuals and institutions act with integrity.

The vision of AFSA is to be a globally respected regulator of financial services in Eurasia delivering a legal and regulatory framework that demands high standards of behaviour, inspires innovation and creates a fair and safe environment in which investors have confidence and business is trusted.

The AFSA aims to achieve its vision through its objectives that are enshrined in the Financial Services Framework Regulations (FSFR) and are consistent with those of peer regulators of international jurisdictions.

Registration, Authorisation and Recognition

As an integrated regulator of the AIFC, the AFSA registers and incorporates entities that provide financial and non-financial service activities. There is no restriction on the types of activities a company can conduct as an AIFC Participant. The AFSA provides guidance prior to processing applications submitted by applicants who wish to establish a legal entity in AIFC in compliance with AIFC Rules and Regulations.

The AFSA also accepts applications from persons located in a jurisdiction other than the AIFC to be a Recognised Non-AIFC Member. Recognition enables financial market infrastructures (trading platforms and clearing and settlement institutions), as well as qualified potential market participants (brokers) to be recognised to carry out their activities in the AIFC without having to establish a physical presence in the AIFC. Since the launch of the AFSA, it has been actively handling enquiries from prospective participants from Kazakhstan and the CIS countries, China, Europe and the USA interested to be registered and licensed in the AIFC jurisdiction.

Process of Registration, Authorisation and Recognition
The CEO of AFSA

Mr. Stephen Glynn is a financial services regulator who has spent the last 13 years as a member of the executive team responsible for the development of the legal and regulatory framework of the Dubai Financial Services Authority (DFSA) and the Dubai International Financial Centre.

During this time, he was a member of various committees of the International Organisation of Securities Commissions. Before joining the DFSA, Mr. Glynn served as the Managing Director of an Australian consultancy providing compliance and risk management services to the Australian Financial Services Industry. Earlier, he held various senior positions with the Australian Securities and Investments Commission.

Stephen Glynn
Chief Executive Officer & Board Member
AFSA Board of Directors

Lady Barbara Judge is an American-British lawyer and businesswoman with a broad, international career as a senior executive, chairman and non-executive director, in both the private and public sectors. She was the youngest ever commissioner of the US Securities and Exchange Commission.

She is currently Chairman of CIFAS, the United Kingdom’s fraud prevention service, and a former Chairman of the UK Atomic Energy Authority and the Pension Protection Fund. She is also a non-executive director of a number of other public and private Tech companies. In addition, she is the UK Business Ambassador on behalf of UK Trade & Investment.

Lady Barbara Judge CBE
Chairman of the Board

Mrs. Angela Knight currently serves as the Chair of the Office of Tax Simplification, an independent body of HM Treasury, is Chair of the Dublin based wealth management company Tilman Brewin Dolphin, is an independent director of the UK housebuilder Taylor Wimpy plc and is the senior independent director of TPICAP plc, the largest global inter dealer broker.

Previously, Mrs. Knight served as Chief Executive of several organizations, including Energy UK, British Bankers’ Association, and the Association of Private Client Investment Managers and Stockbrokers.

Mrs. Angela Knight CBE
Deputy Chairman of the Board

Dr. Saville is an independent non-executive director, and chairs the risk committee of European Central Counterparty N.V. He has published on theoretical physics, and on monetary economics during a varied career for 20 years in the Bank of England. More recently, he has been a leader of the modernisation of the financial services industry, with innovations based on extensive capital markets expertise throughout the value chain in many major markets. Dr. Saville served as an independent Advisor and Director to the European Central Bank for 5 years on the design and delivery of the EU’s securities settlement system, TARGET2. Previously, he was the founder and CEO of CREST (UK-based central securities depository), and an Executive Director of Computershare.

Dr. Iain Saville CBE
Non-executive member of the Board

Mr. Gregory Tanzer is a qualified solicitor and barrister with extensive financial regulator experience in Australia.

He has served as a Commissioner of the Australian Securities and Investments Commission and Secretary General of the International Organization of Securities Commissions.

Mr. Gregory Tanzer
Non-executive member of the Board

Dr. Akash Deep is Senior Lecturer in Public Policy at Harvard University’s John F. Kennedy School of Government.

He has served as Senior Economist at the Bank for International Settlements in Switzerland and been a consultant and expert for the World Bank, the International Finance Corporation, the United Nations, the European Bank for Reconstruction and Development, the Asian Development Bank, the Inter-American Development Bank, and the International Centre for Settlement of Investment Disputes.

Dr. Akash Deep
Non-executive member of the Board

Mr. Masood Ahmed currently serves as President of the Center for Global Development. He has previously held several positions in the International Monetary Fund, and served as Director General for Policy and International Development at the UK Government’s Department for International Development. Mr. Ahmed has also held various positions at the World Bank.

Mr. Masood Ahmed
Non-executive member of the Board

Ms. Zere Seidimbek is a Managing Director at the Astana International Financial Centre Authority and has been responsible for the development of the regulatory framework in the AIFC. Before joining the AIFC team, Ms. Seidimbek held senior executive positions at the Development Bank of Kazakhstan, Kazakhstan Public-Private Partnership Centre, Q-BRO (subsidiary company of the National Bank of Kazakhstan).

Previously, she also served in the Sustainable Development Fund “Kazyna”, Centre for Marketing and Analytical Research and the Committee on Investments of the Ministry of Foreign Affairs of the Republic of Kazakhstan.

Ms. Zere Seidimbek
Non-executive member of the Board
THE AIFC COURT

From 1 January 2018, the independent AIFC Court and International Arbitration Centre (IAC) at the AIFC became operational.

The AIFC Court provides the first common law court system of its kind in the region. It operates under the highest international standards to resolve civil and commercial disputes at the AIFC. It has exclusive jurisdiction for civil and commercial disputes, but not criminal or administrative disputes, arising out of the activities and operations of the AIFC and jurisdiction in the case of other disputes in which all parties agree in writing to give the AIFC Court jurisdiction.

The AIFC Court is independent in its activities and is not a part of the judicial system of the Republic of Kazakhstan. It consists of a court of first instance and a court of appeal. In order to ensure the prompt resolution of lower value claims, the court of first instance has a special division known as the small claims court.

The decisions of the AIFC Court of Appeal are final and are not subject to further appeal.

Astana International Financial Centre Court

70th step of the Nation Plan “100 concrete steps” provides for the establishment of the independent court functioning on the principles of English law within the territory of the Astana International Financial Centre

LEGAL BASIS

Constitutional Statute of the Republic of Kazakhstan "On Astana International Financial Centre"

Resolution of the AIFC Management Council "On Astana International Financial Centre Court"

jurisdiction

  • disputes between AIFC Participants, AIFC Participants and AIFC Bodies and AIFC Participants or AIFC Bodies and their expat Employees.
  • disputes relating to activities conducted in the AIFC and governed by the Acting Law of the AIFC
  • disputes trasferred to the AIFC Court by agreements of the parties

structure

COURT OF FIRST INSTANCE

(including the Small Claims Court)

FINAL COURT OF APPEAL

composition

CHIEF JUSTICE OF THE COURT
8 JUDGES REGISTRAR OF THE COURT
REQUIREMENTS FOR THE JUDGES:

  • not less than thirty years of age
  • significant common law knowledge/experience as a qualified lawyer/judge in a common law system
  • good character
  • fluent in English language

AIFC CoURT ACTIVITIES

  • resolution of commercial and civil disputes within the competence of the AIFC Court;
  • strengthening of cooperation with foreign commercial courts;
  • holding of seminars, lectures and conferencess for the legal community of the Republic of Kazakhstan;
  • participation in international events and conferences;
  • promotion of the AIFC Court in international legal and investment communities;
  • integrated IT platform.

ADVANTAGES OF THE AIFC COURT

  • judges of unique international repute and highly advanced professional experience in civil and commercial common law;
  • English language in judicial proceedings;
  • innovative IT including e-filing and virtual court;
  • procedural rules based on the principles of judicial proceedings of England and international best practice;
  • wide rights of audience;
  • robust enforcement in the Republic of Kazakhstan and foreigh states in accordance with international treaties (PRC, India, Turkey, UAE, Pakistan, Russian Federation and other CIS states)

“The AIFC Court provides a common law court system for the first time in Eurasia. It operates to the highest international standards to resolve civil and commercial disputes in the AIFC. It has exclusive jurisdiction over disputes arising out of the activities and operations of the AIFC and jurisdiction in the case of other disputes in which all parties agree in writing to give the AIFC Court jurisdiction”.

The Rt. Hon. The Lord Woolf CH
The Chief Justice of the AIFC Court
THE AIFC COURT

The Chief Justice and Justices of the AIFC Court have impeccable reputations and experience in the common law and international best practices and were appointed by the decree of the President of the Republic of Kazakhstan.

The Rt. Hon. The Lord Woolf CH
Chief Justice, AIFC Court

Lord Woolf is one of the most influential judges in recent British legal history and a global figure on the common law, courts and dispute resolution, and legal education. He is a member of the House of Lords, and Deputy Chairman of the All-Party Group for the Rule of Law and Human Rights in the House of Lords. He was the first Lord Chief Justice to be President of the Courts of England and Wales, a Non-Permanent Judge of the Court of Final Appeal of Hong Kong and the first President of the Qatar Financial Centre Civil and Commercial Court.

The Rt. Hon. Sir Robin Jacob QC
Justice, AIFC Court

Sir Robin Jacob has specialist expertise in intellectual property law and commercial law. He previously served as a High Court Judge in the High Court of England and Wales, and as a Lord Justice of Appeal in the Court of Appeal of England and Wales. Sir Robin has been admitted to the Intellectual Property Hall of Fame.

The Rt. Hon. Sir Rupert Jackson QC
Justice, AIFC Court

Sir Rupert Jackson served as a High Court Judge in the Queen’s Bench Division of the High Court of England and Wales. He was the Judge in Charge of the Technology and Construction Court and a Lord Justice of Appeal in the Court of Appeal.

The Rt. Hon. Sir Jack Beatson FBA QC
Justice, AIFC Court

Sir Jack Beatson was a Judge of the High Court of England and Wales and a Lord Justice of Appeal in the Court of Appeal of England and Wales. He served as the Law Commissioner for England and Wales and worked on law reform in areas including contract and commercial law, civil evidence, damages and financial services.

The Rt. Hon. Sir Stephen Richards
Justice, AIFC Court

Sir Stephen Richards has specialist expertise in competition law and regulatory law. He has served as a High Court Judge of the High Court of England and Wales and was the Presiding Judge for Wales. Sir Stephen was later a Lord Justice of Appeal in the Court of Appeal of England and Wales and Deputy Head of Civil Justice.

The Rt. Hon. The Lord Faulks QC
Justice, AIFC Court

Lord Faulks QC is a member of the UK House of Lords. He has served as a Minister of State at the UK Ministry of Justice. He has worked as Chairman of the Professional Negligence Bar Association and Special Advisor to the UK Government Department for Constitutional Affairs. He is a member of the Chartered Institute of Arbitrators.

Andrew Spink QC
Justice, AIFC Court

Andrew Spink is joint Head of Chambers and leads the Commercial team at Outer Temple Chambers, a barristers’ chambers in London. He was appointed as a Deputy High Court Judge in the High Court of England and Wales and sits regularly in this capacity in the Queen’s Bench Division and Chancery Division of that Court.

Thomas Montagu-Smith QC
Justice, AIFC Small Claims Court

Thomas Montagu-Smith QC practices as a barrister in London and internationally, having appeared in many of the leading cases. He has specialist expertise in international commercial law, arbitration, commercial fraud, insurance and reinsurance, construction, and professional negligence.

Patricia Edwards
Justice, AIFC Court

Patricia Edwards practices as a barrister in London, and has broad commercial litigation and arbitration experience. She has specialist expertise on urgent interim relief measures, insurance law, aviation, banking, international trade, private international law, and intellectual property. Patricia was appointed to Tiers 1 and 2 of the Lloyd’s Arbitration Scheme Arbitrators Panel.

Christopher Campbell-Holt
Registrar and Chief Executive, AIFC Court

Christopher Campbell-Holt has many years of legal experience gained while living and working in the UK, the US, the Middle East, and Eurasia. He was the Registrar at the international financial centre commercial court and alternative dispute resolution centre in Qatar under the Presidency of Lord Woolf. He also worked at international and regional law firms and practiced broad international commercial law and dispute resolution. He is a member of the AIFC Legal Advisory Council and the AIFC Academic Council. He is a member of the Bar of New York State and is a CEDR accredited mediator.

International Arbitration Centre

The International Arbitration Centre (IAC) provides an independent, economical and expeditious alternative to court litigation, operating to the highest international standards to resolve civil and commercial disputes in the AIFC. The IAC has its own panel of outstanding international arbitrators and mediators who are greatly experienced, independent, impartial and of the highest integrity.

The IAC offers parties maximum choice and flexibility in choosing the rules and procedures they wish to use for the resolution of their disputes at the IAC. Parties may agree for the IAC to:

  • Administer their arbitration according to the IAC Arbitration and Mediation Rules. These rules include procedures for expedited arbitrations, the appointment of emergency arbitrators, and the resolution of investment treaty disputes;
  • Administer their arbitration according to UNCITRAL Arbitration Rules or ad hoc arbitration rules;
  • Administer mediations according to the IAC Arbitration and Mediation Rules or ad hoc mediation rules;
  • Provide other forms of alternative dispute resolution.

The IAC Chairman is an appointment authority, offering the appointment of arbitrators and mediators from the IAC panel, for arbitrations and mediations conducted at the IAC or elsewhere.

Arbitration awards of the IAC are enforceable in the Republic of Kazakhstan as Decrees of the AIFC Court supported by a robust enforcement system. They are also enforceable internationally under the New York Convention.

The procedures and standards at the IAC provide the latest world class efficient administration and will be familiar to users of arbitration and mediation services in major financial centres around the world.

The IAC panel consists of 23 international arbitrators, 11 of whom are available as mediators (with experience from Hong-Kong, Singapore, Russia, United Kingdom, European Union, India, the Middle East, and the USA). The panel includes leading international arbitrators who have many years of experience in arbitration in the areas of subsoil use, trade, oil and gas, construction, energy, Islamic finance, banking, intellectual property law and other areas of commercial law.

international arbitration centre

24th step of the Nation Plan “100 concrete steps” provides for the establishment of the International Arbitration Centre within the territory of the Astana International Financial Centre

LEGAL BASIS

Constitutional Statute of the Republic of Kazakhstan "On Astana International Financial Centre"

Resolution of the AIFC Management Council "On International Arbitration Centre"

LEGAL BASIS

The International Arbitration Centre hears disputes on the basis of an arbitration agreement between the parties.

SERVICES

Administering arbitration disputes and mediation according to the Arbitration and Meditation Rules of the International Arbitration Centre, under the UNCITRAL Model Rules, and under ad hoc rules agreed by the parties.

Administering other forms of alternative dispute resolution by agreement of the parties.

Other services in accordance with the resolution of the Astana International Financial Centre ManagementCouncil “On International Arbitration Centre”.

ARBITRATION and Mediation rules

The International Arbitration Centre Arbitration and Mediation Rules are based on the most up to date and efficient international standards to meet modern requirements of international and regional trade, inclusing provision for investment arbitration, appointment of emergency arbitrators and an expedited procedure.

Management

CHAIRMAN-OVERALL MANAGEMENT

REGISTRAR – DAY TO DAY

ADMINISTRATION AND CASE MANAGEMENT

ACTIVITIES

  • settlement of disputes through arbitration, mediation, and other alternative dispute resolution;
  • strengthening cooperation with international arbitration institutions;
  • holding seminars, lectures and conferences for the legal community of the Republic of Kazakhstan;
  • participation in international events and conferences;
  • promotion in international legal and investment communities;
  • integrated IT platform.

ADVANTAGES OF ARBITRATION AND MEDIATION IN THE AIFC

  • arbitrators of international level with impeccable reputation and wide professional experience;
  • modern IT solution including for remote dispute resolution;
  • maximum choice to parties for arbitration rules including the IAC Rules, UNCITRAL Model Rules, and ad hoc rules;
  • enforcement of IAC decisions in the Republic of Kazakhstan and abroad in accordance with the New York Convention in the territory of 157 foreign states.

“We aim to make the IAC the number one choice for the resolution of civil and commercial disputes by arbitration and alternative dispute resolution in the Eurasian region”.

Barbara Dohmann QC has been one of the UK’s leading commercial barristers and an international arbitrator for many years. She began her practice at the Bar of England and Wales in 1973 and was appointed the Queen’s Counsel in 1987. She is a member of the London Court of International Arbitration. She has been appointed as arbitrator at the LCIA, at the London Metal Exchange (where she is an Arbitration and Arbitration Appeals Panel member), at the Paris International Chamber of Commerce, and at the Hong Kong International Arbitration Centre. She is a CEDR accredited Mediator.

Barbara Dohmann QC
Chairman of the International Arbitration Centre at the AIFC

Christopher Campbell-Holt has many years of legal experience gained while living and working in the UK, the US, the Middle East, and Eurasia. He was the Registrar at the international financial centre commercial court and alternative dispute resolution centre in Qatar under the Presidency of Lord Woolf. He also worked at international and regional law firms and practiced broad international commercial law and dispute resolution.

He is a member of the AIFC Legal Advisory Council and the AIFC Academic Council. He is a member of the Bar of New York State and is a CEDR accredited mediator.

Christopher Campbell-Holt
Registrar and Chief Executive, IAC
ASTANA INTERNATIONAL EXCHANGE

The Astana International Exchange (AIX) was formed to transform the regional financial ecosystem. Based on globally-recognised technology platforms and an internationally-accepted regulatory environment, the initial focus of the AIX will be to provide a platform for the planned IPOs as part of the Kazakhstani government privatisation programme. AIX will provide seamless access to both global and local investors. Over time, the AIX plans to operate a range of different markets, including fixed income, equities and funds, with the aim of supporting the development of capital markets in the Central Asian region.

The strategic partners of the AIX include the Shanghai Stock Exchange and Nasdaq, two of the world’s leading stock exchanges. The relationship with SSE will boast market liquidity and provide the foundation for the participation of the AIX in China’s Belt and Road Initiative.

Nasdaq provides the AIX with state-of-the-art technology for both trading and market surveillance.

AIX RUlebook

general
business rules

prospectus
rules

listing
rules

monitiring and enforcement rules (including disciplinary rules)

membership
rules

market
disclosure rules

admission and
disclosure standards

trading and
default rules

“I am excited by the prospect of supporting the development of Kazakhstan’s capital markets through the launch of AIX and AIFC more broadly. AIX will be developed, managed and regulated to international standards to ensure we build both domestic and global investor confidence”.

Mr. Bennett was CEO of NZX, the New Zealand Stock Exchange from 2012–2016. Prior to the NZX, Mr. Bennett worked in South East Asia as a Partner at Oliver Wyman Singapore and Partner in the FS sector of the Boston Consulting Group. His stock exchange consulting experience covers: strategy development and capital market development in Asia/the Middle East; diversification and reorganisation of revenue streams; funds and risk management

Timothy Olivier Bennett
Chief Executive Officer, Astana International Exchange
AIFC EXPAT CENTRE

As part of the creation of a favourable environment for foreigners, the AIFC Expat Centre (AEC) was established. AEC provides centralised access on the single-window principle to the AIFC international business partners, staff, as well as expatriates in Kazakhstan on a wide range of government and non-government services rendered in English.

The AIFC has adopted a unique preferential migration and visa regime, which has allowed for the profound alleviation of the previous system in several ways:

  • citizens of 45 countries were granted the right to a visafree entry to Kazakhstan for the period of up to 30 days (i.e. the OECD countries, Malaysia, Monaco, the UAE and Singapore);
  • AIFC participants were granted the right to attract foreign workforce without obtaining a work permit;
  • work visas, granted upon the invitations of the AIFC bodies and participants are now issued for up to 5 years.
AEC services:
  • Kazakhstan visa and migration related services
  • Individual identification number (IIN) taxpayer registration and revenue related services
  • Electronic digital signature (EDS to e-gov access)
  • wide range of governmental services (more than 500)
  • notary and translation services
  • document photo services
  • AEC call centre services
  • guidance on real estate agencies, schools in Astana, etc.
BUREAU FOR CONTINUING PROFESSIONAL DEVELOPMENT

The AIFC Bureau for Continuing Professional Development (BCPD) is a newly-established professional and development centre responsible for human capital development that provides opportunities for professional development and raising competencies for local professionals and creates a critical mass of highly-skilled and educated specialists in the region. The Bureau is mainly responsible for investment and financial literacy programmes related to the core pillars of the AIFC, including Capital Markets, Islamic Finance, FinTech, as well as Asset and Wealth Management.

The Bureau had preliminarily indicated and identified to retrain over 5000 local professionals. The body identified up to 16 professional areas in which it plans to develop skills based on professional development programmes. Professional programmes consisting of soft, hard and functional skills are in line with the training programmes conducted at Central and Eastern Europe shared-services centres. Business communications, managerial coaching, time and project management are part of the soft-skills programme of the Bureau. International certifications such as CFA, ACCA, FRM, CIMA, etc. have been included as part of the hard-skills programmes.

The Bureau set a goal to be a part of the FinTech industry by growing up local professionals that can develop useful and competitive FinTech products and supply their expertise to the global market.

The BCPD Career Centre shall build up the HR nerve system of the Bureau and constantly work with HR teams of AIFC bodies, participants, and other entities within the AIFC eco-system and beyond. Furthermore, the main responsibility of the Career Centre shall be to match the students of the AIFC BCPD and grant holders from the candidate reserve pool, human resource portfolio and a-Pro with potential employees.

The BCPD Media Centre will become an online version of BCPD that will aim to encompass a wider audience of general population and to increase the general level of investment literacy.

Annual projects

The Islamic Finance Week 2017 is a platform for sharing an international experience and build a constructive discussion of Islamic finance development issues in the region as well as to raise public awareness about the Islamic finance trends and instruments in the world.

Be-A-Pro – the first conference for the community of Kazakhstani professionals in finance & project management

Open workshop for financial media – and open platform for professional exchange & networking for financial media in Kazakhstan

AIFC FINTECH HUB

The AIFC FinTech Hub gives opportunity to solve today’s FinTech challenges with tomorrow’s solutions.

The AIFC FinTech hub creates favourable conditions and high-quality infrastructure for the development of the financial technologies market. It sets a goal to unite all regional participants of the financial technologies market to implement and stimulate new products, create a single market for financial technology providers, increase the level of human capital and know-how, and develop entrepreneurial thinking within the population.

The AIFC FinTech Hub is an official participant of the Global FinTech Hub Federation (GFHF). Joining the international federation is a timely step in the development of the AIFC FinTech Hub, and will certainly provide a positive image and recognition of the AIFC FinTech Hub on the international arena.

AIFC Green Finance Centre

The AIFC Green Finance Centre will be promoting the AIFC as a green financial hub for Central Asia and Eastern Europe, providing policy proposals to the government, financial institutions and enterprises, including assistance to the issuance of the groundbreaking green bond of Kazakhstan & Central Asia.

Main Activities of the Centre:
  • assistance in the introduction of green financial instruments in Kazakhstan;
  • development of a range of green financial instruments, as well as guidelines for their implementation by various market players, including developmental institutions, commercial banks, funds, etc.;
  • project support, including the period of the preparation of the green investment project and a two-year period after the project financing (monitoring, reporting and verification);

conducting training programmes and certification of specialists in green finance;

keeping a register of international financial institutions, which provide grants and other funding for green projects;

organisation of the International Annual Global Green Finance Awards;

organisation of road-shows to collect projects for the issuance of green bonds in Kazakhstan and the Central Asian region.