57. Power of Bank to specify standards on prudential matters

the sound financial position of an institution; or

integrity, professionalism and expertise in the conduct of the business, affairs and activities of an institution.

capital adequacy;

liquidity;

corporate governance;

risk management;

related party transactions;

maintenance of reserve funds;

takaful funds; and

prevention of an institution from being used, intentionally or unintentionally, for criminal activities.

a director, officer or shareholder of the institution;

a member of the Shariah committee of the institution;

any person in a position to influence or control the institution or affect the decisions of the institution;

a relative or dependent of any person referred to in paragraph (a), (b) or (c); or

any other person as may be specified by the Bank, which in the opinion of the Bank may cause the institution to be in a conflict of interest situation.