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  • Record Keeping

    • TC-2.1.12

      An Islamic bank licensee must, for a minimum period of five years, make and retain updated records of:

      (a) The criteria applied in assessing the ongoing and continuing competence; and
      (b) How and when the competence decision was arrived at.
      October 2013

    • TC-2.1.13

      For purposes of Paragraph TC-2.1.12, the record keeping requirements apply to both current employees as well as to employees following termination of their services or employment with the bank, for a minimum period of five years.

      October 2013