The Rulebook is divided into 5 Volumes, covering different areas of financial services activity. These Volumes are being issued successively during 2004–07. Volumes 1 and 2, covering conventional bank licensee and Islamic bank licensees respectively, were issued in July 2004 and January 2005; Volume 3, covering insurance licensees, was issued in April 2005. This Volume (Volume 4), is being issued in two phases, starting in April 2006. Finally, Volume 5, covering specialised licensees, will be issued in 2007.