Section 62

If it appears to the Authority that any document lodged in accordance with sections 60 or 61 is in any particular way unsatisfactory, incomplete, inaccurate or misleading or that it does not comply with the requirements of this Order, the Authority may by notice in writing require such explanation as it considers necessary to be made by or on behalf of the takaful operator within such time (not being less than 14 days) as is specified in the notice.

The Authority may, after considering any explanation made under subsection

, or if such explanation has not been given by or on behalf of the takaful operator within the time specified in the notice given pursuant to that subsection, reject the document or give such directions as he thinks necessary for its variation within such time (not being less than one month) as is specified in such directions.

Directions given under subsection (2) with respect to any document may require such consequential variations of any other document lodged by the takaful operator under sections 60 or 61, as may be specified in such directions.

Incorporating amendments until S 1/2016

(Clean Version) NANI/Amiriah/Fiqah/Karimah as of 8th July 2019

58

BLUV as at 14th January 2016

Where directions are given under subsection (2), any document to which they relate shall be deemed not to have been lodged until it is re-submitted with the variations required by the directions, but the takaful operator shall be deemed to have submitted the document within the time limited under section 60(1) if it is re-submitted with the required variations within the time limited by the directions.

Additional provisions as to returns under sections 60 or 61.