"Single Family Office Fund" and "Corporate Treasury Centre Fund" are not defined, and the CTC Fund is spelled three ways

CIS gives relief to Single Family Office Funds and Corporate Treasury Centre Funds (7.2-1.2, 7.2-1.3, 4.2(d)(i), 6.2(a)), but the two terms are not defined in CIS or the Glossary. A third spelling, "Corporate Treasury Fund", appears in 5.3(b) and the heading of 10.5-1.1. The classes can largely be identified from the defined terms "Single Family Office" and "Corporate Treasury Centre" and from 7.2-1.2, 7.2-1.3, 6.14 and 10.5-1(j), so the gap is one of definition and spelling.

Proposed correction

Please add Glossary definitions of the two Fund classes and use one spelling for the Corporate Treasury Centre Fund.

Jurisdiction

Kazakhstan — AIFC

Act

AIFC Collective Investment Scheme Rules (CIS), V8

Place

CIS V8 7.2-1.2(c)

Record

Discrepancy

Class

Amendments

Where it arose

The amending 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.

A Single Family Office Fund Manager is not required to have a Governing Body

The Corporate Treasury Centre Fund Manager is not required to have a Governing Body

Every Fund, except a Corporate Treasury Centre Fund, must have:

a Group arrangement.

Subject to (b), an arrangement is not a Collective Investment Scheme if each of the

Subject to (b), an arrangement is not a Collective Investment Scheme if every participant

An entity within a multinational corporation carrying out only corporate treasury

How to check it without Arxo's tools

1. Open Collective Investment Scheme Rules V8., with amendments as of 15 December 2024, commence on 1 January 2025 and find CIS V8 7.2-1.2(c); CIS V8 7.2-1.3(c); CIS V8 6.2(a); CIS V8 7.2-1.3(a)(ii); CIS V8 3.7(a); CIS V8 3.17(a). Compare the text with the quotation above. A copy is kept in this register: 733512c03c358cc3-cis_v8_fr0009-01.01.2025.pdf (SHA-256 733512c03c358cc361a31decd44731fd64d90dcb747829a11e3d1382e4669fb7, copy of the official file).
2. Open AIFC Glossary (GLO), V23 and find Glossary V23 'Corporate Treasury Centre' (no '… Fund' entry). 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).
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.

Documents and reproduction

• Collective Investment Scheme Rules V8., with amendments as of 15 December 2024, commence on 1 January 2025
• AIFC Glossary (GLO), V23

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-2026-0113, https://arxo.io/findings/ARXO-2026-0113/ (status as of 2026-10-25). Data: ARXO-2026-0113.json.