COB 5.6.11 names Insurance Intermediaries for the Takaful disclosure, but COB 1.2.3 does not list it among the rules that apply to them

COB 1.2.3 says that COB does not apply to Insurance Intermediaries "with the exception of COB 3, COB 4, COB 8.5 and COB 11". COB 5.6.11(1), inserted with the Takaful amendments in 2018, names "an Insurance Intermediary" among the persons who must explain the differences between Takaful and conventional contracts. When COB 8.5 was added to the list in 1.2.3, 5.6.11 was not. Because 5.6.11 names Insurance Intermediaries expressly, it is best read as applying to them, but 1.2.3 does not say so.

Proposed correction

Please add COB 5.6.11 to the exceptions in COB 1.2.3.

Jurisdiction

Kazakhstan — AIFC

Act

AIFC Conduct of Business Rules (COB), V17

Place

COB 1.2.3

Record

Discrepancy

Class

Amendments

Where it arose

The amending 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 requirements in COB do not apply to Insurance Intermediaries, with the exception of COB

A Takaful Operator or an Insurance Intermediary or an Insurance Manager making a

How to check it without Arxo's tools

1. Open Conduct of Business Rules_V17 (with amendments as of 7 December 2025, which commence on 13 January 2026) and find COB 1.2.3; COB 5.6.11(1). Compare the text with the quotation above. A copy is kept in this register: ae99fece8c925210-cob_v17_13.01.2026-1.pdf (SHA-256 ae99fece8c92521046670bbcf56bf4176715e22ece4779e4ba8b461a631793c6, 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.

Documents and reproduction

• Conduct of Business Rules_V17 (with amendments as of 7 December 2025, which commence on 13 January 2026)

History

1. 2026-10-24Confirmed 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-2026-0089, https://arxo.io/findings/ARXO-2026-0089/ (status as of 2026-10-24). Data: ARXO-2026-0089.json.