CIU-A.1.4
The following are excluded from the scope of this Module:
a) A contract of insurance, insurance linked investment products or investments managed as part of a takaful contract;
b) Unrestricted investment accounts offered by Islamic bank licensees;
c) Unilateral arrangements for a licensee to hold or manage assets on a discretionary or non-discretionary basis;
d) Arrangements entirely between bodies corporate who are members of the same group, or entirely between family members or between the corporate body and its own shareholders;
e) Pension, annuity and other employee benefit schemes organised and managed for the benefit of employees or for another corporate body;
f) Structured products which do not represent collective pooling interests under a pre-defined investment policy;
g) Cash savings schemes;
h) Overseas domiciled exchange traded funds which are listed securities;
i) Equity-based and financing-based crowdfunding offers;
j) Securities issued by Special Purpose Vehicles in connection with direct participation of investors into private equity which is subject to requirements of OFS Module of the CBB Rulebook – Volume 6;
k) Securities issuance by Special Purpose Vehicles as part of a securitisation of structure including sukuk; and
l) The issue of securities and raising of capital by companies publicly or through private placements for the purpose of raising capital for financing the operations of the company which fall under the CBB Rulebook – Volume 6, Offering of Securities Module (Module OFS).
Amended: October 2022
Added: April 2022
Added: April 2022