Back Custom print Link Text Only Rich Text Print

  • Compliance Monitoring and Reporting

    • CIU-6.1.6

      The operator of CIUs defined in Rule CIU-6.1.1 must ensure that the operations and investments of the CIU are subject to compliance reporting and monitoring by its Shari'a Advisers, in accordance with applicable AAOIFI standards.

    • CIU-6.1.7

      The annual report to CIU participants must contain a report and opinion from the CIU's Shari'a Advisers:

      (a) Explaining the work undertaken by the Shari'a Advisers to verify compliance by the CIU with the Shari'a; and
      (b) Giving an opinion on the extent of the CIU's compliance with the Shari'a.

    • CIU-6.1.8

      CIUs defined in Rule CIU-6.1.1 must report without delay to the CBB changes to their Shari'a Advisers, together with an explanation for the change. All such changes must be reflected in an update to the CIU's prospectus (and simplified prospectus where applicable).