FEES Schedule 6, table 6.1 (Providing Money Services, from 2027): measurement period of the "annual transaction value" is not set

From 1 January 2027 the variable fee is "calculated on a quarterly basis", but both the threshold (280 million USD) and the base are "the annual transaction value" at "0.0015% p.a.". The text does not say which year's value is used at each quarter or how quarterly charges and any year-end adjustment are worked out. The deferral to 2027 is in a footnote, which is not part of an AIFC Act (section 26 of the AIFC Regulations on AIFC Acts).

Proposed correction

Please specify which year supplies the transaction-value base, how quarterly charges and any year-end adjustment are calculated, and move the deferral into the rule.

Jurisdiction

Kazakhstan — AIFC

Act

AIFC Fees Rules (FEES), AIFC Rules No. FR0007 of 2017, V18

Place

Schedule 6, table 6.1, row 'Providing Money Services**', variable fee bullet 1

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

2026-10-25

Evidence

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

not applicable where the annual transaction value is below 280 million USD;

a levy of 0.0015% p.a. applies to the amount of the annual transaction value exceeding 280 million USD.

the variable component of the annual supervision fee for Providing Money Services will apply from 1 January 2027.

variable component of the annual supervision fees must be paid in full to the AFSA on a quarterly basis following each quarter.

How to check it without Arxo's tools

1. Open AIFC Fees Rules (FEES), V18, with amendments as of 13 November 2025 and find Schedule 6, table 6.1, row 'Providing Money Services**', variable fee bullet 1; Schedule 6, table 6.1, row 'Providing Money Services**', variable fee bullet 2; Schedule 6, footnote * to table 6.1; Schedule 6, **Notes (1). Compare the text with the quotation above. A copy is kept in this register: b5e10ace11734eda-fees-v18.pdf (SHA-256 b5e10ace11734eda9e2edf7ab4dc62ef97ee659e460dbcb48ab5c4815f8de8f6, copy of the official file).
2. 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-2026-0047, https://arxo.io/findings/ARXO-2026-0047/ (status as of 2026-10-25). Data: ARXO-2026-0047.json.