Institutions registered and licensed by AFSA are referred to as 'Centre Participants'. Centre Participants must have a physical presence within the boundaries of the AIFC but can offer their services to clients throughout Kazakhstan provided they do so in accordance with AFSA's rules (so far as these rules are applicable to their activities). Likewise Centre Participants may offer their services in jurisdictions outside Kazakhstan provided they do so in accordance with the law of the host state.
AFSA has powers to authorise, supervise, and where necessary, carry out enforcement in regard to Centre Participants. These powers apply to all Centre Participants, their directors and certain key employees (referred to as 'Approved Individuals') who are approved by the AFSA to carry out Controlled Functions.