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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
Islamic Finance Rules (IFR) [VER13/12-18]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Financial Markets Tribunal

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  • IFR 6.2.2

    (1) Subject to (2), the Fund Manager of a Fund must document the Fund's policy in relation to:
    (a) how appointments, dismissals or changes will be made to the Shari'a Supervisory Board;
    (b) the process through which the suitability of Shari'a Supervisory Board members will be considered; and
    (c) the remuneration of the members of the Shari'a Supervisory Board.
    (2) If the Fund Manager, pursuant to IFR Rule 6.2.1(2), appoints to the Fund the same Shari'a Supervisory Board it has appointed to the firm, the documents required under IFR Rule 6.2.2(1) must be included in or otherwise form part of the records required under IFR Rule 3.5.2.
    Derived from DFSA RM69/2010 (Made 1st March 2010). [VER1/03-10]
    [Amended] DFSA RM72/2010 (Made 11th July 2010). [VER2/07-10]