0% Limit on Exposures to Controllers
CM-4.4.12
Banks must not undertake
exposures tocontrollers as defined in Chapter GR-5 or tosubsidiaries of such (i.e. there is a 0% limit for suchexposures ), however smaller shareholders will be subject to the normalexposure limits outlined in CM-4.4.5. Directors who are alsocontrollers (or the appointed board representatives of suchcontrollers ) are subject to the 0% limit.Amended: January 2015
Amended: January 2011
Amended: April 2008
October 2007
CM-4.4.13
The limits for connected counterparties have been set as follows:
Exposures funded on and off balance sheet (excluding RIAs) as a percentage of consolidated Total Capital
Connected Counterparties Individual Limit Aggregate Limit Controllers and their subsidiaries 0% 0% Approved persons (and their close family members) and Shari'a Board Members10% 25% Associates, other related parties not mentioned above and unconsolidated subsidiaries 15% Total (including senior management and others) 25% Amended: April 2015
Amended: January 2015
Amended: April 2011
Amended: January 2011
Added: April 2008