HC-A.2.2
Past version: Effective from 01 Jan 2020 to 31 Mar 2020
To view other versions open the versions tab on the right
A list of recent changes made to this Module is detailed in the table below:
| Module Ref. | Change Date | Description of Changes |
| HC-1 to HC-9 | 01/2011 | Amendments due to introduction of new MOIC Corporate Governance Code. |
| HC-1.4 | 04/2011 | Amendment made to reflect new Rules on attendance of Directors at Board of Directors meetings. |
| HC-6.3.4 | 04/2011 | Added description of compliance officer's duties. |
| HC-6.5.3 | 04/2011 | Guidance added dealing with the compliance function. |
| HC-B.2.2 | 01/2012 | Clarified language related to corporate governance. |
| HC-1.2.5 and HC-1.6.3 | 01/2012 | Clarified that the chairman of the Board may delegate specific duties dealt with in these Paragraphs. |
| HC-1.5.7 and HC-1.5.7A | 01/2012 | Clarified rule and guidance on the chairman of the Board. |
| HC-1.10.1 | 01/2012 | Deleted last sentence. |
| HC-5.5.6 | 01/2012 | Amended Paragraph. |
| Appendix B | 01/2012 | Disclosure to shareholders amended. |
| HC-1.9.5 | 07/2012 | Clarified guidance. |
| Appendix A | 07/2012 | Clarified requirement for written report on performance evaluation for Audit Committee. |
| HC-7.2.5 and HC-10.7.6 | 10/2012 | Clarified guidance on election of board members. |
| Appendix A | 10/2012 | Included reference to compliance under Committee Duties and Responsibilities. |
| HC-2.2.3 and HC-2.4.1 | 01/2013 | Clarified scope of application for Rules. |
| HC-3.2.1 | 01/2013 | Clarified guidance on appointment of internal auditor. |
| HC-1.3.7 | 04/2013 | Clarified Rule on limits on number of directorships. |
| HC-2.2.4 and HC-2.2.6 | 10/2013 | Removed reference to appointed representatives. |
| HC-1.3.2 and HC-10.1.8 | 10/2014 | Corrected typo to be consistent with other Volumes of the CBB Rulebook. |
| HC-9.2.1 | 10/2014 | Clarified language for Category 1 and 2 Islamic investment firms. |
| HC-10.9.2 | 10/2014 | Amended guidance for Category 3 Islamic investment firms to appoint a minimum of one Shari'a advisor or scholar instead of having a Shari'a Supervisory Board. |
| HC-A.1.8 | 07/2015 | Clarified the application of the comply or explain principle. |
| HC-6.4.2 | 07/2015 | Changed Guidance to Rule so that the internal audit function must be independent and cannot be combined with any other function. |
| HC-2.3.5 and HC-10.2.5A | 04/2016 | Added a requirement (or guidance, based on the category of license) for the investment firm licensee to have in place a board approved policy on the employment of relatives of approved persons. |
| HC-2.4.2A and HC-10.2.6A | 04/2016 | Added the requirement (or guidance, based on the category of license) to disclose to the board on annual basis relatives of any approved persons occupying controlled functions. |
| HC-2.3, HC-2.4 and HC-10.2 | 07/2016 | Clarified application of Rules (or guidance, based on the category of license) for overseas licensees. |
| HC-7.2.1(j) and HC-10.7.2(j) | 10/2017 | Added requirement on the invitation of a CBB representative for any shareholders' meetings. |
| HC-1.2.2 & HC-1.11.5 | 01/2020 | Amended Paragraphs on policy and procedures approval. |