Insolvency Regulations s.88(2): the Rules may vary "requirements mentioned in subsection (2)", i.e. in the power itself; the criteria are in (1)

Section 88(1) says the Rules must prescribe the criteria for registration as an insolvency practitioner or official liquidator. Section 88(2) lets the Rules vary "requirements mentioned in subsection (2)" for applicants regulated outside the AIFC. Subsection (2) is the power itself and mentions no requirements; the criteria are in (1). The parallel provision for auditors, section 134(3) of the Companies Regulations, refers to the subsection that sets the criteria.

Proposed correction

Please replace "subsection (2)" with "subsection (1)" in section 88(2).

Jurisdiction

Kazakhstan — AIFC

Act

AIFC Insolvency Regulations, V3

Place

Insolvency Regulations V3, s.88(1)

Record

Discrepancy

Class

Text of the act

Where it arose

The text of the act

Arxo's conclusion

Confirmed

Official text

Unchanged at last check

Last checked

2026-10-24

Evidence

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

The Rules must prescribe criteria that a Person must meet to be registered as an insolvency practitioner or official liquidator.

The Rules may provide for requirements mentioned in subsection (2) to be varied for applicants who are, at the time of application, regulated in a jurisdiction outside the AIFC.

The Rules may provide for requirements referred to in subsection (2) to be varied for applicants who are, at the time of application, regulated in a jurisdiction outside the AIFC.

The Rules may provide for requirements mentioned in subsection (2) to be varied

How to check it without Arxo's tools

1. Open V3_AIFC Insolvency Regulations with amendments as of 27 December 2024, commence on 1 January 2025 and find Insolvency Regulations V3, s.88(1); Insolvency Regulations V3, s.88(2). Compare the text with the quotation above. A copy is kept in this register: 8c93c6f2c248880c-ireg_v3_14_01.01.2025.pdf (SHA-256 8c93c6f2c248880c488cbc24fd3462fa0b923eeaf240be33f71b6fb768a6efbe, copy of the official file).
2. Open ComReg_V8, with amendments as of 17 October 2024, commence on 1 January 2025 and find Companies Regulations V8, s.134(3) (parallel for auditors). Compare the text with the quotation above. A copy is kept in this register: a77bf2c39b86d220-comreg_v8_01.01.25.pdf (SHA-256 a77bf2c39b86d2202b1f8e6654fc1884cfd9e1c9648fbdd97894a4ff22939e03, copy of the official file).
3. Open V2_AIFC Insolvency Regulations with amendments as of 6 August 2019, commence on 7 August 2019 and find Insolvency Regulations V2 (07.08.2019), s.88(2). Compare the text with the quotation above. A copy is kept in this register: f4c8dc0fb967f0fb-ireg_v1_14_20.12.17-1.pdf (SHA-256 f4c8dc0fb967f0fbece98eeda8f7205d3a7582df09c02401e86213ea22c3eeca, copy of the official file).
4. 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

• AIFC Authority — body that prepares AIFC acts and publishes them on the AIFC website

Reported to

Responses

No response recorded.

Documents and reproduction

• V3_AIFC Insolvency Regulations with amendments as of 27 December 2024, commence on 1 January 2025
• ComReg_V8, with amendments as of 17 October 2024, commence on 1 January 2025
• V2_AIFC Insolvency Regulations with amendments as of 6 August 2019, commence on 7 August 2019

History

1. 2026-10-24Confirmed by Arxo
2. 2026-10-27Entered in the register
3. 2026-10-27Reported to AIFC Authority (e-mail)

Cite this record

Arxo Law, Arxo Findings Register, ARXO-2026-0183, https://arxo.io/findings/ARXO-2026-0183/ (status as of 2026-10-24). Data: ARXO-2026-0183.json.