GEN 1.3.3-1 cites section 41(1) of the Framework Regulations, which sets only a fit-and-proper criterion

GEN 1.3.3-1 assesses whether an Ancillary Service Provider can be effectively supervised "for the purposes of section 41(1) of the Framework Regulations". Section 41(1) contains only the fit-and-proper criterion, while for Authorised Firms the effective supervision criterion is a separate item (section 34(1)(c)).

Proposed correction

Please clarify whether effective supervision under GEN 1.3.3-1 forms part of the fit-and-proper assessment under section 41(1), or cite the provision it relies on.

Jurisdiction

Kazakhstan — AIFC

Act

AIFC General Rules (GEN), V20

Place

GEN 1.3.3-1 / page 13

Record

Question of reading or data

Class

Question of reading or data

Where it arose

The text of the act

Arxo's conclusion

Confirmed

Official text

Unchanged at last check

Last checked

2026-10-23

Evidence

Contradiction within the text. Quotations are verbatim from the official material; translations are ours and marked.

purposes of section 41(1) of the Framework Regulations, the AFSA will consider:

Ancillary Services if it is satisfied that the Centre Participant is fit and proper.

How to check it without Arxo's tools

1. Open AIFC General Rules (GEN), V20 and find GEN 1.3.3-1 / page 13. Compare the text with the quotation above. A copy is kept in this register: e863a30c73072b03-gen-v20.pdf (SHA-256 e863a30c73072b0323a4d064ab0e3f7e103428a7992f91360ed19a173a68e681, copy of the official file).
2. Open AIFC Financial Services Framework Regulations, V12 and find FSFR V12 s.41(1). Compare the text with the quotation above. A copy is kept in this register: 9c995b9be0e4359d-fsfr-v12.pdf (SHA-256 9c995b9be0e4359d9a595afe7d0a9d5d9f3a4597c3ee3255db2b2e1df520b5c3, copy of the official file).
3. The finding holds if the quoted passages read as shown and the comparison gives the result stated at the top of this page. If it does not, write to us with the record ID.

How this finding was made

AI agents read the official texts, turned the provisions concerned into executable rules and ran the comparison; they also drafted this record. A person at Arxo checked the finding and approved the report before it was sent (2026-10-27).

Responsible institutions

• Astana Financial Services Authority (AFSA) — author of the AIFC Rules

Reported to

Responses

No response recorded.

History

1. 2026-10-23Confirmed by Arxo
2. 2026-10-27Entered in the register
3. 2026-10-27Reported to Astana Financial Services Authority (AFSA) (e-mail)

Cite this record

Arxo Law, Arxo Findings Register, ARXO-2026-0057, https://arxo.io/findings/ARXO-2026-0057/ (status as of 2026-10-23). Data: ARXO-2026-0057.json.