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LR-1.3.1C

For the purposes of Paragraph LR-1.3.1B, Islamic bank licensees must submit the following minimum information in relation to the provision of such services:

a) Description of the services/products;
b) Proposed fees and charges;
c) Experience of resources responsible for such services and their details;
d) Policies and procedures for such services;
e) Enhancements to its risk management framework to capture, monitor, measure, control and report risks arising from the activity; and
f) Relevant staff training plans.
Added: January 2022