CM-5.5.9

Past version: Effective from 01 Jul 2012 to 31 Dec 2014
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For the purpose of this Module, 'Connected counterparties' includes companies or persons connected with the bank, including, in particular; subsidiaries 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 shareholders (and their appointed board representatives) holding 10% or more of the voting rights of the bank (see CM-5.5.11 below). In this context, "family links" means spouse, father, mother, sons, daughters, sisters and brothers.

Amended: July 2012
Amended: July 2011
Amended: January 2011
October 2007