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  • UG-2 UG-2 Rulebook structure and format

    • UG-2.1 UG-2.1 Rulebook structure

      • Rulebook Volumes

        • UG-2.1.1

          The Rulebook is divided into 5 Volumes, covering different areas of financial services activity, as follows:

          Volume 1 Conventional Banks
          Volume 2 Islamic Banks
          Volume 3 Insurance
          Volume 4 Investment Business
          Volume 5 Specialised Activities

        • UG-2.1.2

          Volume 5 (Specialised Activities), covers money changers; leasing firms; factoring firms; representative offices; and providers of ancillary services to the financial sector.

      • Rulebook contents (overview)

        • UG-2.1.3

          Except for Volume 5, the basic structure of each Rulebook is the same. Each Volume starts with a contents page and User's Guide. Subsequent material is organised underneath the following headings:

          (a) High Level Standards
          (b) Business Standards
          (c) Regulatory Reporting and
          (d) Enforcement and Redress

        • UG-2.1.4

          Volume 5 is organised by the category of specialised firm concerned.

        • UG-2.1.5

          The material in Volumes 1–4 is contained in Modules, each covering a specific area of requirements (e.g. High-level Controls). In turn, each Module is divided into Chapters, Sections and Paragraphs, as detailed below.

        • UG-2.1.6

          Each Volume has its own appendix Volume containing relevant reporting forms and a glossary.

    • UG-2.2 UG-2.2 Volume structure

      • Modules

        • UG-2.2.1

          Rulebook Volumes are subdivided into Modules, arranged in groups according to their subject matter, underneath the headings listed in paragraph UG-2.1.3 above.

        • UG-2.2.2

          Each Module in a Volume is referenced using a two-letter code which is usually a contraction or abbreviation of its title. These codes are used for cross-referencing within the text.

      • Chapters

        • UG-2.2.3

          Each Module consists of chapters, categorised into two types:

          (a) A standard introductory chapter (referenced with a letter: e.g. UG-A); and
          (b) Chapters containing the substantive content of the Module (referenced with a number: e.g. CA-1, CA-2, etc.)

        • UG-2.2.4

          The introductory chapter summarises the purpose of the Module, its history (in terms of changes made to its contents) and, where applicable, lists previously issued circulars and regulations that were replaced by the Rulebook Module.

      • Sections and paragraphs

        • UG-2.2.5

          Chapters are further sub-divided into Sections (numbered consecutively after the Chapter number: e.g. FC-1.1, FC-1.2, FC-1.3 etc). In turn, Sections are sub-divided into Paragraphs (numbered consecutively after the Chapter and Section numbers: e.g. FC-1.1.1, FC-1.1.2, FC-1.1.3 etc.). Where appropriate, sub-section headings may be used, to guide the reader through a Section: sub-section headings are italicised and unnumbered, and act purely as an indicator (without limitation as to the status of the paragraphs that follow.

      • Table of contents

        • UG-2.2.6

          Each Volume's contents page lists all the Modules contained within it (Part A), and the information contained in the relevant appendix Volume (Part B).

        • UG-2.2.7

          The contents page of each Module lists the chapters, section and, in some Modules, sub-sections it contains, and the latest version number of each section in issue.

    • UG-2.3 UG-2.3 Format and page layout

      • Headers

        • UG-2.3.1

          The top of each page in the Rulebook identifies the Volume, Module and Chapter in question. Each Module is a separate document. New Chapters start on a fresh page.

      • Footers

        • UG-2.3.2

          The bottom of each page in the Rulebook (on the left hand side) identifies the Module in question, its section and page number. Page numbering starts afresh for each Section: the total number of pages in each respective Section is shown as well as the individual page number. The bottom right hand side shows an issue date. The Contents Page for each Module is given its own separate version number. In addition, the Contents page lists the latest issue date for each Section in that Module. The Contents page thus acts as a summary checklist of the current version in force for each section. Further explanation is provided in Section UG-3.1 below.

      • Defined terms

        • UG-2.3.3

          Defined terms used in the Rulebook are underlined. Each Volume has its own glossary listing defined terms and giving their meaning. Definitions of terms used apply only to the Volume in question. It is possible for the same term to be used in a different Volume with a different meaning.

      • Cross-references

        • UG-2.3.4

          Cross-references are highlighted in yellow. Two active cross-references are shown in Paragraph UG-2.3.5 below. Any cross-references given in a text state the Module code, followed by the numbering convention for the chapter and section being referred to. For example, the cross-reference FC-1.2.3 refers to the third Paragraph in the second Section of the first Chapter of the Financial Crimes Module. Many references will be quite general, referring to a Module or Chapter rather than a specific Paragraph.

      • Text format

        • UG-2.3.5

          Each paragraph is assigned a complete reference to the Module, Chapter, and Section, as well as its own paragraph number, as explained in UG-2.3.4 above. The format of the paragraph reference and paragraph text indicates their status as either a Rule or Guidance, as explained in UG-1.2.4 above.