LCR powers: appeal and procedure refer to '(4)(a)-(e)' and '(1)(d)' instead of 9.16(5)

BBR 9.16(5)(a)-(e) lists the AFSA's powers on the liquidity coverage ratio. Sub-rules (6), (7) and (8) refer to "(4)(a), (b), (c) or (e)" and "(1)(d)", but 9.16(4) and 9.16(1) have no such paragraphs. The sister rule IBB 10.25(6)-(8) cites (5). The Framework Regulations still give procedure and appeal rights, so the meaning survives.

Proposed correction

Please read "(5)(a), (b), (c) or (e)" and "(5)(d)" in 9.16(6)-(8) (an editorial correction under section 19(3)(a) of the AIFC Regulations on AIFC Acts).

Jurisdiction

Kazakhstan — AIFC

Act

AIFC Banking Business Prudential Rules (BBR), V6

Place

BBR 9.16(5)(d)

Record

Discrepancy

Class

Text of the act

Where it arose

The text of the 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.

(d) disapply the LCR Requirement; or

If the AFSA amends a requirement under (4)(a), (b), (c) or (e), the Bank must comply with the requirement as amended.

If the AFSA disapplies a requirement under (1)(d), the Bank need not comply with that requirement.

The procedures in Schedule 1 of the AIFC Financial Services Framework Regulations No 18 of 2017, will apply to a decision of the AFSA under (4)(a),(b),(c) or (e).

If the AFSA decides to exercise its power under (4)(a),(b),(c) or (e), the Bank may refer the matter to the AIFC Court for review.

If the AFSA decides to exercise its power under (5)(a),(b),(c) or (e), the Islamic Bank may refer the matter to the AIFC Court for review.

How to check it without Arxo's tools

1. Open AIFC Banking Prudential Rules_V6 (with amendments as of 13 April 2025, which commence on 13 October 2025) and find BBR 9.16(5)(d); BBR 9.16(6); BBR 9.16(7); BBR 9.16(8). Compare the text with the quotation above. A copy is kept in this register: 6384caa7b1938818-bbr_v6_13.10.2025_ma.pdf (SHA-256 6384caa7b19388180b780ec19044e1261cae3021c63c670f14ceb35285107022, copy of the official file).
2. Open AIFC Islamic Banking Business Prudential Rules and find IBB 10.25(8) (sister rule, correct). Compare the text with the quotation above. A copy is kept in this register: e8b3c15b1ff574fd-aifc-islamic-banking-business-prudential-rules.pdf (SHA-256 e8b3c15b1ff574fd59504ade7cc9e0488ed5fa6ecfdc7816e3dc603bf4caedeb, 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

• AIFC Banking Prudential Rules_V6 (with amendments as of 13 April 2025, which commence on 13 October 2025)
• AIFC Islamic Banking Business Prudential Rules

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-2026-0121, https://arxo.io/findings/ARXO-2026-0121/ (status as of 2026-10-24). Data: ARXO-2026-0121.json.