The National Agency of Perspective Projects (NAPP) and the Astana International Financial Centre (AIFC) have initiated discussions on the potential for initial public offerings (IPOs) by Uzbek companies in Kazakhstan. This development is part of a broader cooperation agreement formalized through a signed roadmap between NAPP and AIFC, aimed at enhancing financial market integration.
The cooperation also focuses on developing securities, insurance, and crypto-asset markets through the application of "regulatory sandboxes." These frameworks will allow both parties to jointly test solutions and provide simplified access to stock and crypto-asset markets for brokers and managers.
In addition, the agreement outlines plans for organizing training events to facilitate the exchange of expertise in capital markets, insurance, and the regulation of crypto-assets. This collaboration aims to support the accelerated development of financial markets through shared knowledge and regulatory experience.
The roadmap was signed by Vyacheslav Pak, First Deputy Director of NAPP, and Kushimov, head of the AIFC Committee on Regulation of Financial Services. The partnership aligns with broader multilateral agreements, reflecting a commitment to strengthen financial market infrastructure and regulatory practices.
Interaction between regulators within the framework of the multilateral agenda is one of the important aspects in line with the agreements at the level of heads of state. Joint efforts will not only allow sharing experience and knowledge but will also create a basis for the accelerated development of financial markets,
said Vyacheslav Pak.
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