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  • UG-2.1 UG-2.1 Rulebook Structure

    • Rulebook Volumes

      • UG-2.1.1

        The Rulebook is divided into 7 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
        Volume 6   Capital Markets
        Volume 7   Collective Investment Undertakings
        Amended: July 2012
        Amended: January 2007

      • UG-2.1.2

        Volume 5 (Specialised Activities), covers money changers; financing companies; representative offices; administrators; trust service providers, micro-finance institutions and ancillary services providers.

        Amended: October 2012
        Amended: January 2011
        Amended: January 2008

    • Rulebook Contents (Overview)

      • UG-2.1.3

        Except for Volumes 5, 6 and 7, the basic structure of each Rulebook is the same. Each Volume starts with a contents page and an introduction containing a User's Guide and Executive Summary. Subsequent material is organised underneath the following headings:

        (a) High-level Standards;
        (b) Business Standards;
        (c) Reporting Requirements;
        (d) Enforcement and Redress; and, where appropriate,
        (e) Sector Guides.
        Amended: October 2012
        Amended: July 2012
        Amended: January 2008
        Amended: January 2007

      • UG-2.1.4

        Volume 5 is organised by the Category of specialised firm concerned, whilst Volume 6 by subject area (authorised exchanges; issuers of securities etc).

        Amended: January 2007

      • UG-2.1.5

        The material in Volumes 1–4 is contained in Modules, each covering a specific area of requirements (e.g. capital). 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 and authorisation forms; a glossary; and any supplementary information. In all cases, the main Volume is called "Part A" and the appendix Volume is called "Part B".