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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 April 2016. All subsequent changes to this Module are annotated with the end-calendar quarter date in which the change was made. Chapter UG-3 provides further details on Rulebook maintenance and version control.

        April 2016

      • AU-A.2.2

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

        Module Ref. Change Date Description of Changes
        AU-1.2.10A, AU-1.2.10B and AU-1.2.10C 04/2017 Added Paragraphs on issuance of pre-paid cards and PCI-DSS certification for Payment Service Providers.
        AU-1.2.11 04/2017 Amended Paragraph on the settlement.
        AU-2.3.2 04/2017 Amendment of reference.
        AU-4.1.12 04/2017 Specified bank guarantee amounts.
        AU-4.1.16 (l) 04/2017 Amended bank guarantee amount.
        AU-4.5 07/2017 Added new Section on Publication of the Decision to Grant, Cancel or Amend a License
        AU-1.2.1(ee) 10/2017 Added Crowdfunding Platform Operators under the definition of regulated services.
        AU-1.2.10A(b) 10/2017 Amended bank guarantee requirement.
        AU-1.2.14 – AU-1.2.20 10/2017 Added requirements on crowdfunding platform operators
        AU-2.5.6A 10/2017 Added Paragraph on minimum core capital for crowdfunding platform operators.
        AU-3.1.2 10/2017 Amended Paragraph.
        AU-3.2 10/2017 Added a new section for the Approved Persons Requirements.
        AU-4.1.12 10/2017 Amended bank guarantee amount for PSP and Card Processing Companies.
        AU-4.1.16(l) 10/2017 Amended bank guarantee requirement for PSP issuing any multipurpose, electronic or otherwise, prepaid cards.
        AU-4.3 10/2017 Deleted Approved Persons requirements from AU-4.3 and added to AU-3.2.
        AU-4.6 10/2017 Added new section on Additional Requirements for Licensing Crowdfunding Platform Operators.
        AU-4.1.1 04/2018 Amended Paragraph.
        AU-4.3.2 04/2018 Amended Paragraph.
        AU-1.2.1 12/2018 Added AISP and PISPs.
        AU-1.2.10A 10/2018 Amended Paragraph.
        AU-1.2.11A
        AU-1.2.11B        		 10/2018 Added new Paragraphs on enabling PSPs to participate in EFTS
        AU-1.2.21 – AU1.2.25 12/2018 Added new Paragraphs on AISPs and PISPs.
        AU-2.5.6B
        AU-2.5.6C        		 12/2018 Added new Paragraphs on Account Information Service Provider & Payment Initiation Services Provider.
        AU-1.2.8 (a) & (b) 01/2019 Amended sub-paragraphs on clients' money account services.
        AU-1.2.10 01/2019 Amended guidance on clients' money account.
        AU-1.2.10A 01/2019 Amended sub-paragraph (a) on maximum balance limit for a natural person.
        Added new sub-paragraph (bb) on maximum balance limit for a legal person.
        Amend sub-paragraph (f).
        AU-1.2.11 01/2019 Amended Paragraph.
        AU-1.2.12 01/2019 Added a new Paragraph on audit of clients' money account.
        AU-1.2.14 01/2019 Amended Paragraph to include B2B.
        AU-1.2.16 01/2019 Changed guidance to rule and amended deleting B2B.
        AU-1.2.24 01/2019 Amended Paragraph.
        AU-2.5.6A 01/2019 Amended Core Capital amount.
        AU-4.1.16(m) 01/2019 Amended sub-paragraph.
        AU-1.2.11A 04/2019 Added a new Paragraph CDMs/kiosks.
        AU-1.2.11B 04/2019 Added a new Paragraph CDMs/kiosks.
        AU-1.2.11C 04/2019 Added a new Paragraph CDMs/kiosks.
        AU-1.2.11D 04/2019 Added a new Paragraph CDMs/kiosks.
        AU-1.2.11E 04/2019 Added a new Paragraph CDMs/kiosks.
        AU-1.2.11F 04/2019 Added a new Paragraph CDMs/kiosks.
        AU-1.2.11G 04/2019 Added a new Paragraph CDMs/kiosks.
        AU-1.2.11H 04/2019 Added a new Paragraph CDMs/kiosks.
        AU-1.2.11I 04/2019 Added a new Paragraph CDMs/kiosks.
        AU-1.2.11J 04/2019 Amended Paragraph number.
        AU-1.2.11K 04/2019 Amended Paragraph number.
        AU-1.2.11L 04/2019 Amended Paragraph number.
        AU-4.1.1 07/2019 Amended Paragraph to remove references to hardcopy Form 1 submission to online submission.
        AU-A.1.3 10/2019 Amended Paragraph on licensed providers categories.
        AU-1.2.1 10/2019 Amended Subparagraphs (a), (c), (d) and (ee).
        AU-1.2.2 10/2019 Amended Paragraph.
        AU-1.2.5 10/2019 Amended Paragraph.
        AU-1.2.21 10/2019 Added full term of AISP.
        AU-1.2.23 10/2019 Added full term of PISP.
        AU-4.1.13 10/2019 Amended Guidance.
        AU-4.1.15 10/2019 Amended Guidance.
        AU-4.2.4 10/2019 Changed from Rule to Guidance.
        AU-4.5.1 10/2019 Changed from Rule to Guidance.
        AU-1.2.11L 07/2020 Paragraph moved to Module BR.
        AU-1.2.1A 10/2020 Added a new Paragraph on compliance with AAOIFI Shari’a Standards.
        AU-5.2.2 10/2020 Amended Paragraph on fixed annual licence fees.
        AU-3.2.13A 01/2021 Added a new Paragraph on compliance of approved persons with the fit and proper requirement.
        AU-5.2.2A 01/2021 Added a new guidance clarifying the applicable fees for licensees.
        AU-4.1.4 07/2021 Amended Paragraph on the submission of licensing forms and applications.
        AU-4.7.9 07/2021 Added a new Paragraph on additional requirements for PISPs and AISPs.
        AU-1.2.14 04/2022 Amended Paragraph on crowdfunding platform operator definition.
        AU-1.2.18 - AU-1.2.20 04/2022 Deleted Paragraphs.
        AU-4.6.2 04/2022 Deleted Subparagraph (a).
        AU-1.2.10A 07/2022 Amended Subparagraph (a) on maximum balance in any digital wallet.
        AU-1.2.10A 04/2023 Amended Paragraph on payment from client money account.
        AU-2.5.3 04/2023 Amended Paragraph on minimum core capital and liquid funds for TPAs.

    • Superseded Requirements

      • AU-A.2.3

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

        Circular / other reference Subject
        Standard Conditions and Licensing Criteria for Providers of Ancillary Services to the Financial Sector Scope of license and licensing conditions.
        EDBS/KH/C/63/2018 Enabling PSPs to participate in EFTS.
        EDBS/KH/C/74/2018 Amendments to the Crowdfunding Requirements under the CBB Rulebook Volume 5 (Ancillary Service Providers).
        EDBS/KH/C/83/2018 Amendments in Authorization Module (AU) of Ancillary Service Providers
        Amended: January 2019
        Amended: October 2018
        April 2016