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IFR 6.2.2

Past version: effective from 21/10/2015 - 20/10/2015
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(a) Subject to 6.2.2(b), the Fund Manager of a Fund must document the Fund's policy in relation to:
(i) how appointments, dismissals or changes will be made to the Shari'a Supervisory Board;
(ii) the process through which the suitability of Shari'a Supervisory Board members will be considered; and
(iii) the remuneration of the members of the Shari'a Supervisory Board.
(b) If the Fund Manager, pursuant to IFR 6.2.1(b), appoints to the Fund the same Shari'a Supervisory Board it has appointed to the firm, the documents required under IFR 6.2.2(a) must be included in or otherwise form part of the records required under IFR 3.5.3.