AIFC, EBRD sign Letter of Intent

The Letter of Intent presupposes the cooperation between AIFC and EBRD on developing the legal and regulatory framework of the Astana International Exchange (AIX).

The Parties noted that the signed Letter of Intent will allow to proceed with a technical cooperation project, which goal is to contribute to the development of the AIFC and Astana International Exchange (AIX) by reviewing the complete draft rules prepared by AIX and finalizing the AIX rules in accordance with international standards.
According to Kairat Kelimbetov, Governor of the AIFC, cooperation with the EBRD can become a pledge of confidence in the rules and regulations of the AIX exchange by the global investment community, because the EBRD has an extensive experience in reforming the banking and financial systems, and developing a regulatory framework and corporate governance.

As the President of the EBRD Sir Suma Chakrabarti noted, the signed Letter of Intent will strengthen the ties between the EBRD and AIFC and will contribute to the development of the AIX exchange which is expected to launch in autumn 2017.