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BR-1.1.3

In accordance with the provisions of Section AA-4.1, the audited financial statements and the annual reports of the licensees must be in full compliance with:

(a) The International Financial Reporting Standards (IFRS); or
(b) AAOIFI Financial Accounting Standards for Sharia Compliant Financing Companies and for products and activities not covered by AAOIFI, International Financial Reporting Standards (IFRS)/International Accounting Standards (IAS) must be followed; and
(c) The disclosure requirements set out under Sections PD-1.2, PD-1.3 and PD-1.4.
January 2013