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CONSTITUTIONAL LAW OF THE REPUBLIC OF KAZAKHSTAN

of December 7, 2015 No. 438-V ZRK

About the International financial center "Astana"

(as amended on 30-12-2022)
Article 1. The basic concepts used in this Constitutional law

In this Constitutional law the following basic concepts are used:

1) the International financial center "Astana" (further - the Center) - the territory in city boundaries of Astana with precisely designated borders determined by the President of the Republic of Kazakhstan in which the particular legal regime in the financial sphere is effective;

2) stock exchange - the legal entity performing organizational and technical supply of the biddings by financial instruments in the Center;

3) licensing - complex of the actions connected with the issue of the operating authority in the territory of the Center requiring license availability;

4) the act of the Center - the written official document accepted by body of the Center, governing the relations arising between members of the Center and (or) bodies of the Center and (or) their workers;

5) members of the Center - the legal entities registered according to the law in force of the Center and also other legal entities accredited by the Center;

6) the worker of the participant or body of the Center - the physical person consisting in employment relationships with the participant or body of the Center to which duties realization of the main objectives and the purposes of the participant or body of the Center belongs;

7) members of the family of the worker of the participant or body of the Center - the spouse (spouse) of the worker of the participant or body of the Center and their children who did not reach eighteen-year age;

8) the register of the Center of identification numbers - the information system intended for accounting and storage of data on the bodies of the Center, their organizations and members of the Center, forming and storage of data on the assigned identification numbers created and stopped activities;

9) identification number - the unique number created in the form of business and identification number for bodies of the Center, their organizations and members of the Center, allowing to make records about the data relating to them in the register of the Center of identification numbers.

Article 2. Purpose, tasks and principles of activities of the Center and its regulation

1. The purpose of the Center is forming of the leading international center of financial services.

2. Tasks of the Center are:

1) assistance in investment attraction in economy of the Republic of Kazakhstan by creation of the attractive circle for investment in the field of financial services;

2) market development of securities of the Republic of Kazakhstan, ensuring its integration with the international markets of the capital;

3) development in the Republic of Kazakhstan of the market of insurance, banking services, Islamic financing, financial technologies, digital assets, electronic commerce and innovative projects;

4) development of financial and professional services on the basis of the best international the practician;

5) acquisition of the international recognition as financial center.

3. Activities of the Center are based on the following principles:

1) efficiency of activities of members of the Center;

2) transparency of activities of the Center and its participants;

3) conscientiousness of members of the Center;

4) professionalism of members of the Center in rendering financial services;

5) application in activities of members of the Center of international standards and the best international the practician.

4. Regulation of the Center is performed according to the principle of independence of the Center and its participants.

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