IFR 6.2.3

(1) Subject to (2), the Fund Manager of a Fund must establish and retain, for six years, records of:
(a) its assessment of the competency of the Shari'a Supervisory Board members;
(b) the agreed terms of engagement of each member of the Shari'a Supervisory Board; and
(c) the matters in Rules IFR 6.2.1(1)(c) and IFR 6.2.2.
(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 records required under IFR Rule 6.2.3(1) must be included in or otherwise form part of the records required under IFR Rule 3.5.3.
Derived from DFSA RM69/2010 (Made 1st March 2010). [VER1/03-10]
[Amended] DFSA RM72/2010 (Made 11th July 2010). [VER2/07-10]