For the purpose of this Module, ‘connected counterparties’ include legal and natural persons connected with the Bahraini Islamic bank licensee, including, in particular; controllers of the licensee (and Board members, senior management and key staff of the controller, the controller’s appointed Board representatives, subsidiaries and associated companies of controllers including their Board members, senior management and key staff), approved persons of the licensee, as defined by Module LR-1A, and their close family members (as defined by IFRS – IAS 24); associated companies not mentioned hereinabove, unconsolidated subsidiaries and members of the Shari’a Supervisory Board (‘SSB’), if any.