AT1 and T2 definitions cite Rule 4.28 (CET1 adjustments); the CET1 definition cites only Rule 4.29

BBR 4.16(d) and 4.18(d) say AT1 and T2 capital are adjusted "in accordance with Rule 4.28", but 4.28 is "Adjustments to CET1 Capital". BBR 4.14(f) refers to Rule 4.29 for CET1; 4.29 does contain CET1 deductions, but the CET1 adjustments in 4.28 and 4.30 are not mentioned. The rules operate directly, so there is no practical effect.

Proposed correction

Please read "Rules 4.28 to 4.30" in 4.14(f) and "Rule 4.29" in 4.16(d) and 4.18(d) (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 4.14(f)

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.

regulatory adjustments applied in the calculation of CET 1 Capital in accordance with Rule 4.29.

regulatory adjustments applied in the calculation of AT1 Capital in accordance with Rule 4.28.

regulatory adjustments applied in the calculation of T2 Capital in accordance with Rule 4.28;

regulatory adjustments applied in the calculation of CET 1 Capital in accordance with Rule 4.30.

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 4.14(f); BBR 4.16(d); BBR 4.18(d). 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 4.13(f) (sister rule). 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-2026-0127, https://arxo.io/findings/ARXO-2026-0127/ (status as of 2026-10-24). Data: ARXO-2026-0127.json.