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  • AU-A.2 AU-A.2 Module History

    • Evolution of Module

      • AU-A.2.1

        This Module was first issued in January 2013. All subsequent changes to this Module are annotated with the end-calendar quarter date in which the change was made. UG-3 provides further details on Rulebook maintenance and version control.

        January 2013

      • AU-A.2.2

        A list of recent changes made to this Module is provided below:

        Module Ref. Change Date Description of Changes
        AU-5.2 07/2013 Amended due date and collection process for annual license fee.
        AU-2.8.1 01/2014 Corrected reference to proper accounting standards.
        AU-5.2.7B and AU-5.2.7C 01/2014 Added requirements for payment of annual fees for SPVs.
        AU-1.2.2 04/2014 Updated controlled functions.
        AU-A.1.5 07/2015 Legal basis updated to reflect Resolution No (23) of 2015.
        AU-3.2.1 07/2015 Added cross reference to Module TC.
        AU-4.3 07/2015 Amended to be in line with Resolution No (23) of 2015 on Prior Approval Requirements for Approved Persons.
        AU-1.2 01/2016 Clarified general requirements for Approved Persons.
        AU-3 01/2016 Amended to be in line with Resolution No (23) of 2015 on Prior Approval Requirements for Approved Persons.
        AU-4.3 01/2016 Minor amendments to be aligned with other Volumes of the Rulebook.
        AU-4.6 07/2017 Added new Section on Publication of the Decision to Grant, Cancel or Amend a License.
        AU-1.1.9 07/2019 Amended Paragraph to reflect online submission of Form 1.
        AU-4.1.22 10/2019 Changed from Rule to Guidance.
        AU-4.1.24 10/2019 Changed from Rule to Guidance.
        AU-4.6.1 10/2019 Changed from Rule to Guidance.
        AU-1.3.1A 10/2020 Added a new Paragraph on compliance with AAOIFI Shari’a Standards.
        AU-4.3.10A 01/2021 Added a new Paragraph on compliance of approved persons with the fit and proper requirement.
        AU-1.3.1(d) 07/2022 Amended Subparagraph on means of payment.
        AU-1.3.1B 07/2022 Added a new Paragraph on offering a limited range of financing activity.
        AU-1.3.14 07/2022 Deleted Paragraph.
        AU-2.5.2 07/2022 Amended Paragraph on financial resources.

    • Superseded Requirements

      • AU-A.2.3

        This Module supersedes the following provisions contained in circulars or other regulatory instruments:

        Circular/other reference Provision Subject
        Standard Conditions and Licensing criteria for financing companies (conventional) All articles Scope of license and licensing conditions.
        Standard Conditions and Licensing criteria for Islamic financing companies All articles Scope of license and licensing conditions.
             
             
             
        January 2013