Arxo Findings Register · Arxo Law

ARXO-2026-0050 · Reported

FEES Schedule 6, table 6.1 (Dealing in Investments as Agent): "assets under brokerage" is not defined

The quarterly levy of 0.0005% applies to "the amount of the assets under brokerage" above 490 million USD. The term is not defined in FEES or in the Glossary, and it is not used in any other AFSA rulebook, so it is unclear whether it means client assets held in brokerage accounts or the volume executed.

Proposed correction

Please clarify which assets are included in "assets under brokerage" at quarter-end and how they are valued.

Jurisdiction
Kazakhstan — AIFC
Act
AIFC Fees Rules (FEES), AIFC Rules No. FR0007 of 2017, V18
Place
Schedule 6, table 6.1, row 'Dealing in Investments as Agent**'
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

Documented search. Quotations are verbatim from the official material; translations are ours and marked.

a quarterly levy of 0.0005% applies to the amount of the assets under brokerage as at the end of the quarter exceeding 490 million USD.
Normative text · AIFC Fees Rules (FEES), V18, with amendments as of 13 November 2025 · Schedule 6, table 6.1, row 'Dealing in Investments as Agent**' · retrieved 2026-10-23 · SHA-256 b5e10ace11734eda9e2edf7ab4dc62ef97ee659e460dbcb48ab5c4815f8de8f6 · copy

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 'Dealing in Investments as Agent**'. 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

Reported to

DateInstitutionChannelReference
2026-10-27Astana Financial Services Authority (AFSA)e-mail

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-2026-0050, https://arxo.io/findings/ARXO-2026-0050/ (status as of 2026-10-25). Data: ARXO-2026-0050.json.