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Where an Islamic bank licenseeG has no:

(a) Approved personsG ; or
(b) Material risk-takersG

whose total annual remunerationG (including all benefits) is in excess of BD100,000, Paragraph AU-3.7.1 does not apply. In this instance, an annual notification must be sent to the CBB once it is determined that this situation applies.

Added: July 2014
(1 Version)
Jul 1 2014 onwards
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