Regulatory Alerts2022-11-28
Summary of Amendments to Revised Guidelines on Compliance Function for Fund Management Companies
The regulator issued revised Guidelines on Compliance Function for Fund Management Companies on 28 November 2022 to align with the Guidelines on Islamic Capital Market Products and Services. The amendments update Paragraph 1.04(a) to reference the new Islamic Capital Market guidelines and replace the term 'Shariah mandate' with 'Islamic fund management business' in Paragraph 4.04(q). These changes ensure regulatory consistency for fund management companies operating within the Islamic finance sector.
Share