Glossary, "Approved Individual": the two limbs are joined by "and"

An Approved Individual is defined as an individual "(1) approved by the AFSA to carry out a Controlled Function; and (2) approved by the AFSA to be appointed by a DNFBP and Registered Auditor to carry out the MLRO function". Read literally, an individual approved only for a Controlled Function is not an Approved Individual. Section 21 of the Framework Regulations defines the term by limb (1) alone. The AFSA online Glossary shows both versions: the list has the two limbs, the term page only limb (1).

Proposed correction

Please express the alternative approval routes with "or" (also "a DNFBP or Registered Auditor") and align the definition with section 21 of the Framework Regulations.

Jurisdiction

Kazakhstan — AIFC

Act

AIFC Glossary (GLO), V23

Place

Glossary V23, entry "Approved Individual" (1)

Record

Discrepancy

Class

Amendments

Where it arose

The amending 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.

approved by the AFSA to carry out a Controlled Function; and

approved by the AFSA to be appointed by a DNFBP and Registered Auditor to carry out the MLRO function.

An Approved Individual is an individual who is approved by the AFSA to carry out a Controlled Function.

How to check it without Arxo's tools

1. Open AIFC Glossary (GLO), V23 and find Glossary V23, entry "Approved Individual" (1); Glossary V23, entry "Approved Individual" (2). Compare the text with the quotation above. A copy is kept in this register: 041617346ad87a9f-glo-v23.pdf (SHA-256 041617346ad87a9ff3634eff95b3b92f65ee5f4965298a2c1137b8b9a8374b45, copy of the official file).
2. Open AIFC Financial Services Framework Regulations, V12 and find FSFR V12 s.21. 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-2026-0068, https://arxo.io/findings/ARXO-2026-0068/ (status as of 2026-10-23). Data: ARXO-2026-0068.json.