Training and support for new Astana International Exchange in Kazakhstan

Would you like to deliver training and support to the new Astana International Exchange in Kazakhstan?

 

TheCityUK has a project bid accepted by the British Embassy in Astana to assist the new Astana International Exchange (AIX) in Kazakhstan to create a functioning enforcement and compliance body.  

The project will involve a period of training and support to the AIX, by two experts from a selected organisation, to take place between 9 October 2017 and 31 December 2017, and this will include both in-country and distance support, with a proposed timeline of activity as detailed below.

TheCityUK is calling for expressions of interest with a costed outline proposal to deliver the training and support to AIX on listings compliance and enforcement.

Please note that costs for economy flights / accommodation / living expenses for training periods in Astana will be covered by TheCityUK within the terms of the project and do not need to be included in a costing proposal. For more information on the bid amount contact Steve.bourne@thecityuk.com .

TheCityUK will play no part in the selection of the Training and Support Provider – with selection made by AIX following submission of bids – however, TheCityUK will provide all logistical and travel support to the chosen training provider.   

Background

The Astana International Financial Centre (AIFC) is a special regulatory zone supporting the development of Astana as a regional hub for capital markets, private banking, asset management, Islamic finance and financial technology. The new Exchange (AIX), situated within the AIFC, will be a single hub for capital market and commodities trading in Kazakhstan. It will represent a modern international exchange in Central Asia.

AIX is seeking to develop and manage a suite of regulatory and supervisory activities, requiring the development a regulatory strategy and implementation programme that will engage with local and international regulators and supervisors, and undertake market supervision and surveillance.

Currently, the European Bank for Reconstruction and Development (EBRD) is supporting the creation of rules for companies to list on the new AIX. However, there is a requirement to train individuals (5 to 7 in number) from the AIFC body that will interpret, control and enforce the listing rules. This project will, therefore, ensure that the AIX enforcement and compliance body has individuals trained, and ideally awarded appropriate qualification, to internationally recognised standards in listings enforcement and compliance.

Timeline:

  • Proposals, with costings and evidence of relevant experience – ideally in advising and training official / governmental bodies, submitted to TheCityUK at mail below by: Friday 22 September 2017
  • Review by AIX and Notification of Decision by 6 October 2017
  • Pre and post-training distance support: from 9 October 2017 – 31 December 2017
  • Training Period in Astana: Proposed as 6 – 17 November 2017 (Two weeks)


For further information, contact S
teve Bourne, Head of Eurasia, TheCityUK :   Steve.bourne@thecityuk.com  / 0203 696 0127