DAA 4.4(2) in Part 4 (money services / stablecoin issuers) addresses 'a Digital Asset Trading Facility Operator'

4.4(2) - the only Board-of-Directors rule in Part 4 - repeats verbatim 2.3.2(1) for a 'Digital Asset Trading Facility Operator', which is regulated by Chapter 2. 4.4(1), (3) and (4) address the Digital Asset Service Provider. Amendments No. 4 edited this very subrule (deleting the one-third independence sentence and its note) and left the addressee unchanged.

Proposed correction

Please replace "Digital Asset Trading Facility Operator" (twice) with "Digital Asset Service Provider" in 4.4(2), as in 4.4(1), (3) and (4).

Jurisdiction

Kazakhstan — AIFC

Act

AIFC Rules on Digital Asset Activities (DAA), V5

Place

DAA V5, 4.4(2) (identical sentence also at 2.3.2(1), p.12)

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.

A Digital Asset Trading Facility Operator must have an effective Board of Directors which is collectively accountable for ensuring that the Digital Asset Trading Facility Operator’s business is managed prudently and soundly.

Members of the Governing Body of the Digital Asset Service Provider must have sufficiently good repute

Note: Rule 4.4 (2) will come into force 12 months after the commencement of these Rules.

How to check it without Arxo's tools

1. Open AIFC Rules on Digital Asset Activities_V5 (with amendments as of 7 December 2025, which commence on 1 January 2026) and find DAA V5, 4.4(2) (identical sentence also at 2.3.2(1), p.12); DAA V5, 4.4(3). Compare the text with the quotation above. A copy is kept in this register: 4a5174f747a66c22-daa_v5_01.01.2026.pdf (SHA-256 4a5174f747a66c222093a9cbd075c58816f1761b7a3b2807f86f9b98ccf28557, copy of the official file).
2. Open AIFC Rules on Digital Asset Activities A10., with amendments as of 7 December 2025, which commence on 1 January 2026 and find Amendments No. 4, 4.4(2) - strikes only the independence sentence and the Note (rendered p.12). Compare the text with the quotation above. A copy is kept in this register: e781dd1ef6743813-aifc-rules-on-digital-asset-activities-a10.-with-amendments-as-of-7-december-2025-which-commence-on-1-january-2026.pdf (SHA-256 e781dd1ef67438139fa2862aec1bf407847612ab1ac55fed4ae48118b6ed9c4d, 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 Rules on Digital Asset Activities_V5 (with amendments as of 7 December 2025, which commence on 1 January 2026)
• AIFC Rules on Digital Asset Activities A10., with amendments as of 7 December 2025, which commence on 1 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-2026-0155, https://arxo.io/findings/ARXO-2026-0155/ (status as of 2026-10-24). Data: ARXO-2026-0155.json.