Islamic Financial Services Act 2013 · s 162

Suggest a correction

Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.

What is wrong?Wrong or mistyped wordsWrong structure or numberingWrong title or detailsText that appears twice

What should change, and whyUp to 2,000 characters.The text as it should read (optional)Edit the text above. Up to 20,000 characters.Where you checked it (optional)A link to the official version, if you have one.

The text as we hold it

Open the official text

s 162Examination or assessment by auditor or actuary, etc.

(1)

The Bank may require an authorized person, operator of a designated payment system or financial holding company to appoint an auditor, actuary or any other person as may be specified by the

Bank, as the case may be, to carry out any specific examination or assessment in respect of its business or affairs as may be specified by the Bank and submit a report of such examination or assessment to the

Bank.

(2)

Where an examination or assessment is required under subsection (1), the remuneration of the person appointed under subsection (1) and other expenses related to such examination or assessment shall be borne by the authorized person, operator of a designated payment system or financial holding company.

Islamic Financial Services 157