Entire Act

SCHEDULE 1: INTERPRETATION

Note: See section 6.

1. Definitions for these Regulations

In these Regulations:

Accounting Records means Records and underlying documents comprising initial and other accounting entries and associated supporting documents, including, for example, any of the following:

  1. (a) cheques;
  2. (b) Records of electronic funds transfers;
  3. (c) invoices;
  4. (d) contracts;
  5. (e) the general and subsidiary ledgers, journal entries and other adjustments to the financial statements that are not reflected in journal entries;
  6. (f) worksheets and spreadsheets supporting costs allocations, computations, reconciliations and disclosures.

AFSA means the Astana Financial Services Authority.

AIFC means the Astana International Financial Centre.

AIFCA means the Astana International Financial Centre Authority.

AIFC Regulations means regulations adopted by the Management Council or the Governor, and includes, for example, these Regulations.

AIFC Rules means rules adopted by the Board of Directors of the AFSA, the Board of Directors of the AIFCA or the Governor, and includes, for example, the Rules made for these Regulations.

Constitutional Statute means Constitutional Statute of the Republic of Kazakhstan dated 7 December 2015 entitled On the Astana International Financial Centre.

Contravene includes Fail to comply with.

Court means the Astana International Financial Centre Court.

Document includes any summons, notice, statement, return, account, order and other legal process, and any register.

Exercise a Function includes perform the Function.

Fail includes refuse.

Function includes authority, duty and power.

General Partnership means a general partnership formed in the AIFC that is registered under these Regulations as a General Partnership.

General Partnership Property, in relation to a General Partnership, means all property (whether real, personal, tangible and intangible), and all interests in any property, acquired by the General Partnership, whether by purchase or otherwise.

Governor means the Governor of the Astana International Financial Centre.

Legislation Administered by the Registrar of Companies has the meaning given by section 1 of Schedule 1 of the AIFC Companies Regulations.

Management Council means the Management Council of the Astana International Financial Centre.

Management Council Resolution on AIFC Bodies means The Structure of the Bodies of the Astana International Financial Centre, adopted by resolution of the Management Council on 26 May 2016, as amended by resolution of the Management Council, The Amendments and supplementations to the Structure of the Bodies of the Astana International Financial Centre, adopted on 9 October 2017.

Partner, of a General Partnership, means every Person who has entered into the partnership agreement for the General Partnership and is registered as partner of the General Partnership under these Regulations.

Person means any natural person or incorporated or unincorporated body, including a company, partnership, unincorporated association, government or state.

Registered Details, of a General Partnership, Recognised Partnership or the Person authorised to accept service on behalf of a Recognised Partnership, means information about the partnership or Person included in the relevant register kept by the Registrar of Companies under these Regulations.

Recognised Partnership means a general partnership formed outside of the AIFC that is registered under these Regulations as a Recognised Partnership.

Records means documents, information and other records, in whatever form and however stored.

Registrar means the Registrar of Companies.

Registrar of Companies means the Registrar of Companies under the AIFC Companies Regulations.

Rules means rules adopted by the Board of Directors of the AFSA under section 181 of the AIFC Companies Regulations.

Standard Partnership Agreement means a standard partnership agreement prescribed by the Rules.

Writing includes:

  1. (a) in relation to a certificate, instrument, notice or other thing—the thing in any form that preserves a record of the information contained in it and is capable of being reproduced in tangible form, including by electronic means; and
  2. (b) in relation to a communication—any method of communication that preserves a record of the information contained in it and is capable of being reproduced in tangible form, including by electronic means.