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CA-2.1.7J

When a trigger event occurs Islamic bank licensees must do the following:

(a) Immediately inform the CBB;
(b) Inform the holders of the AT1 instruments; and
(c) Write down the principal amount of the instruments, or convert the instruments into CET1 instruments without delay, but no later than within one month, in accordance with the requirement laid down in this Section.
January 2015