The Astana Financial Services Authority has introduced amendments to the Astana International Financial Centre Fees Rules, delivering a broad recalibration of the fee framework following public consultation held from 2 October to 2 November 2025. Most changes take effect from 1 December 2025, with certain provisions subject to deferred commencement. The amendments increase application fees across a range of permissions, including authorisation for Regulated Activities, Market Activities and Ancillary Services, and for Recognised Non-AIFC Market Institutions and Foreign Fund Managers. Multi-activity applications will be charged the highest applicable application fee plus 50% for each additional activity. Annual fixed supervision fees and recognition fees increase at varying levels, and supervision fees are introduced for a number of Islamic finance licences that were not previously subject to them, with commencement for those new Islamic finance supervision fees deferred by one year. New variable fee components are introduced for five Regulated Activity licence categories and for the Market Activity of Operating a Crowdfunding Platform, applying only above defined thresholds, with the methodology for certain stock-based measures revised from average daily values to end-quarter values. A new cap on variable fees is set across all Regulated and Market Activities to which variable fees apply, reduced to USD 250,000 from the USD 1 million cap previously applied only to the Digital Asset Trading Facility licence. The timing and calculation of supervision fees for multi-licence firms are also revised, including requiring the initial annual supervision fee to be paid within 21 days of licence grant, while the new approach to calculating subsequent annual supervision fees for firms holding multiple licences is deferred for one year and the 2026 supervision year will continue to use the existing “highest fee only” approach (plus the highest variable component where applicable). Additional changes cover licence modification fees, Approved Individual application and modification fees (set at USD 500 for the full regime and USD 200 for FinTech Lab applications), increased FinTech Lab application and supervision fees with new fees for change of control and admission of digital assets to trading, revised fund-related and digital asset-related fees, new fees for certain Ancillary Service Provider individual appointments, and updated Registrar of Companies fees including targeted decreases for Special Purpose Companies and Investment Funds. Late fees payable to AFSA and the Registrar of Companies increase, while late fees for FinTech Lab participants remain unchanged. AFSA will work with market participants to develop practical guidance ahead of the deferred start of the new variable fee for the Providing Money Services licence and will issue additional guidance before implementing the deferred multi-licence supervision fee calculation approach.
Astana Financial Services Authority 2025-11-26
Astana Financial Services Authority overhauls AIFC Fees Rules with higher authorisation and supervision fees and a USD 250000 cap on variable fees
The Astana Financial Services Authority has amended the Astana International Financial Centre Fees Rules, increasing application and supervision fees effective 1 December 2025. New variable fee components and caps are introduced, with deferred supervision fees for certain Islamic finance licences. Additional changes include revised fees for digital assets, FinTech Lab applications, and Ancillary Service Providers, with AFSA planning further guidance on deferred fee implementations.