The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has revoked the licence of D.M. Autolombard LLP to conduct microfinance activities, under an order dated 1 August 2025 issued by the head of the Agency’s Astana regional office. The revocation was based on the firm’s systematic failure to comply with the authorised body’s written instructions. Under the law, within 30 calendar days from the date the decision was taken the firm must either complete a re-registration process removing the word “lombard” and related terms or abbreviations from its name that imply microcredit activity, or decide on reorganisation or liquidation. Clients with unfulfilled obligations under microcredit agreements remain liable for non-performance in line with the terms of their contracts.
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan 2025-08-04
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan revokes D.M. Autolombard’s microfinance licence for repeated non-compliance
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has revoked the licence of D.M. Autolombard LLP for microfinance activities due to non-compliance with regulatory instructions. The firm must re-register to remove terms implying microcredit activity or decide on reorganisation or liquidation within 30 days. Clients remain liable for obligations under existing microcredit agreements.