CTRL 9.2.3 Evaluation of information given to firm

An Islamic banking business firm’s governing body must evaluate the suitability and effectiveness of the information and reports that it and the firm’s senior management receive under this Chapter. The test of suitability and effectiveness is whether the information and reports are suitable for effectively overseeing and implementing the principles and requirements set out in this Chapter.

 

Derived from QFCRA RM/2020-4 (as from 1st July 2021)