Taking into consideration Article (2-11) of Module Thirteen (Collective Investment Schemes) of these Bylaws, the general assembly of a Licensed Person shall appoint an External Sharia Auditing Office in its annual meeting provided that such shall be selected from the offices registered at the Authority. The general assembly shall set an annual fee for the office. Licensed Person or the Fund shall not commence its activity before entering into a contract with External Sharia Auditing Office.