The Brazil Securities Commission (CVM) has approved the signing of a Memorandum of Understanding (MOU) with the Astana Financial Services Authority (AFSA), the independent regulator of the Astana International Financial Center in Kazakhstan, to underpin international regulatory cooperation. The MOU framework covers discussions on laws and regulations, consultation, mutual technical assistance, and the exchange of information and views on financial markets, as well as cooperation and capital markets development prospects. The agreement is set to run for five years and will be automatically renewable for the same period.