AFSA introduces amendments to Capital Market, Digital Assets and Crowdfunding frameworks in the AIFC
The Astana Financial Services Authority (AFSA) has introduced amendments to three core frameworks regulating capital market, digital assets, and crowdfunding, with an effective date of 1 January 2026, following the public consultation held from 21 July to 15 September 2025. The amendments aim to improve the effectiveness, proportionality and international alignment of the AIFC regulatory framework. They reflect insights from supervisory observations, regular engagement with market participants, international benchmarking, and the feedback received during the consultation period.
As part of strengthening transparency and promoting a more effective consultation process, AFSA is also introducing the use of Feedback Statements for the first time in relation to these amendments. These statements summarise the key issues and themes raised by stakeholders, provide AFSA’s responses to the comments and suggestions received, and explain how the feedback has been taken into account in finalising the amendments. By clarifying the rationale and how stakeholder input influences regulatory outcomes, Feedback Statements support greater transparency, strengthen trust, and reinforce AFSA’s commitment to an open and continuous dialogue with the market.
You can find all regulatory amendments and reports by following the link below: