PRU (Investment Firms) Table 3.3: a manager of a Single Family Office Fund without a custodian falls in two rows (USD 50,000 and USD 500,000)

Amendments No. 4 (in force 1 July 2024) added "or (b) because the Fund is a Single Family Office Fund" to the USD 50,000 row of Table 3.3. The USD 500,000 row for a Collective Investment Scheme "which does not have an appointed Eligible Custodian" was not changed; its only exception is the nature of the Fund and its assets. A manager of a Single Family Office Fund without an Eligible Custodian therefore meets both rows, and the text does not say which applies. Reading both rows cumulatively gives USD 500,000 and leaves the limb added by Amendments No. 4 without effect.

Proposed correction

Please clarify which row applies to a Single Family Office Fund without an Eligible Custodian and, if USD 50,000 is intended, exclude that case expressly from the USD 500,000 row.

Jurisdiction

Kazakhstan — AIFC

Act

AIFC Prudential Rules for Investment Firms (PRU INV), V7

Place

PRU (INV) 3.3(3), Table 3.3, row for Exempt Funds

Record

Discrepancy

Class

Amendments

Where it arose

The amending act

Arxo's conclusion

Confirmed

Official text

Unchanged at last check

Last checked

2026-10-25

Evidence

Reproduced by execution. Quotations are verbatim from the official material; translations are ours and marked.

Managing A Collective Investment Scheme, that is an Exempt Fund and that has an appointed Eligible Custodian, unless the appointment of an Eligible Custodian is not required (a) due to the nature of the Fund and the type of assets which it holds; or (b) because the Fund is a Single Family Office Fund

Managing A Collective Investment Scheme, which does not have an appointed Eligible Custodian, except where an Eligible Custodian is not required due to the nature of the Fund and the type of assets which it holds

if the PRU Investment Firm is authorised to conduct more than one such activity, the amount that is the higher or highest of the relevant amounts of in Table 3.3

or (b) because the Fund is a Single Family Office Fund

How to check it without Arxo's tools

1. Open AIFC Prudential Rules for Investment Firms (PRU INV), V7 and find PRU(INV) 3.3(3) / Table 3.3, row 'Managing A Collective Investment Scheme, that is an Exempt Fund…' (USD 50,000) / page 11; PRU(INV) Table 3.3, row 'Managing A Collective Investment Scheme, which does not have an appointed Eligible Custodian…' (USD 500,000) / page 11; PRU(INV) 3.3(3) / page 10. Compare the text with the quotation above. A copy is kept in this register: 1d2d8c432b940719-pru-v7.pdf (SHA-256 1d2d8c432b94071987e1f351c1dd44b443f39d75aa8fc552c31d1c7051812e89, copy of the official file).
2. Open PRU INV, Amendments No. 4 (2024) and find Amendments No.4 (30.06.2024) / Table 3.3 / page 2 (underlined new text). Compare the text with the quotation above. A copy is kept in this register: b4f771b93ac69536-pru-a4.pdf (SHA-256 b4f771b93ac69536a9145250c030b709c1148fc4d4af547d57004c032424ed87, 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-2026-0070, https://arxo.io/findings/ARXO-2026-0070/ (status as of 2026-10-25). Data: ARXO-2026-0070.json.