CM-4.4.10
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 and their associates holding less than 10% of the share capital of the bank (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-4.4.13 below). In this context, family links means spouse, father, mother, sons, daughters, sisters and brothers.
October 07
Amended: April 2008
Amended: April 2008