CM-5.5.9
For the purpose of this Module, 'Connected counterparties' includes companies or persons connected with the bank, including, in particular; subsidiaries, SPVs and associated companies (whether such association is due to control, or shareholding or otherwise); Directors, their family links and their associates (whether such association is due to control or family links or otherwise); members of the Shari'a Supervisory Board; senior management and other staff; and shareholders (and their appointed board representatives) holding 10% or more of the voting power of the bank (see CM-5.5.11 below). In this context, "family links" means spouse, father, mother, sons, daughters, sisters and brothers.
Amended: January 2011
October 2007
October 2007