Astana Finance Signed Multilateral Agreement with FSA
OREANDA-NEWS. April 14, 2010. The Agency of the Republic of Kazakhstan on regulation and supervision of financial market and financial organizations (FSA) signed with members of the bank-conglomerate, i.e. JSC “Astana Finance”, JSC “Insurance company “Astana Finance”, JSC “Life Insurance Company “Astana Finance”, JSC “Bank “Astana Finance”, JSC “Brokerage Company “Astana Finance” and JSC “Mortgage Company “Astana Finance”, a multilateral agreement prohibiting any risky transactions between the members of the bank-conglomerate.
The members of the bank-conglomerate have committed themselves to suspend any transactions (direct and indirect) exposing the members of the bank-conglomerate to any risk, and to provide the FSA with an update on the fulfillment of the agreement from time to time until JSC “Astana Finance” meets the requirements provided for by FSA Board Resolutions №7 and №6 dated 1 February 2010.
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