PMS 9.3(1) defines relevant Client Money 'for the purposes of COB 9.1' - COB 9.1 is Trade confirmations

PMS 9.3(1): 'For the purposes of COB 9.1. relevant Client Money includes: ...'. COB 9.1 (Reporting to Clients) is 'Trade confirmations'; it does not use the term. The term is used by PMS 9.1(1) ('relevant Client Money in PMS 9.3'), so the intended anchor is PMS 9.1. Meaning survives by context.

Proposed correction

Please read "For the purposes of PMS 9.1" for "For the purposes of COB 9.1." in PMS 9.3(1) (an editorial correction under section 19(3)(a) of the AIFC Regulations on AIFC Acts).

Jurisdiction

Kazakhstan — AIFC

Act

AIFC Rules on Providing Money Services (PMS)

Place

PMS 9.3(1)

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.

For the purposes of COB 9.1. relevant Client Money includes:

Where a Money Service Provider continues to hold relevant Client Money in PMS 9.3 at the end of the Business Day

How to check it without Arxo's tools

1. Open AIFC Rules on Providing Money Services (with amendments as of 13 April 2025, which commence on 13 October 2025 and on 13 January 2026) and find PMS 9.3(1); PMS 9.1(1). Compare the text with the quotation above. A copy is kept in this register: 333935eb310b57bc-pms-rulebook-25.05.2025_-v.1.pdf (SHA-256 333935eb310b57bcba51ab477b3e11e65a88e7ccf094eda06bc4e023e4fdac1a, 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

• AIFC Rules on Providing Money Services (with amendments as of 13 April 2025, which commence on 13 October 2025 and 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-2026-0164, https://arxo.io/findings/ARXO-2026-0164/ (status as of 2026-10-24). Data: ARXO-2026-0164.json.