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  • 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.