CmaBylaw
Executive Bylaws
3-5-10 Of Module Five: Securities Activities and Registered Persons
Section: Chapter Three: Registered Persons
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Sunday, 05 February 2017
A report of an External Sharia Auditing Office shall include the following: 1. Securities transactions that were examined and reviewed without violating the confidentiality of those transactions. 2. Bodies in charge of performing the examined transactions and stages of accomplishment. 3. Reference to the regulations related to those transactions. 4. Violations of Sharia, if any, either in the Securities transactions or in the execution of them as well as how to address such deficiencies and the suggested time period for the same. 5. Numbers and dates of field visits to the Licensed Person and their results. 6. The signature of the Sharia Auditor and the legal representative of the office.
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