Back Custom print Link Text Only Rich Text Print

  • LR-2.4 LR-2.4 Condition 4: Board and Employees

    • LR-2.4.1

      Those nominated to carry out controlled functions must satisfy CBB's approved persons requirements. This Rule is supported by Article 65 of the CBB Law.

      Amended October 2010
      October 2007

    • LR-2.4.2

      The definition of controlled functions is contained in Paragraph LR-1A.1.2, whilst Section LR-1A.2 sets out CBB's approved persons requirements.

      Amended October 2010
      October 2007

    • LR-2.4.3

      The Islamic bank licensee's staff, taken together, must collectively provide a sufficient range of skills and experience to manage the affairs of the licensee in a sound and prudent manner. Islamic bank licensees must ensure their employees meet any training and competency requirements specified by the CBB.

      October 2007