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5.12 Collaboration Between IBs

C 33/2015 STA Effective from 3/1/2022
  1. a.IBs, especially within the same jurisdiction, should closely cooperate among themselves in order to develop Shari’ah-compliant arrangements, solutions and trading mechanisms for liquidity management purposes.
  2. b.Such collaboration shall provide a robust platform and harmonised agreements for active trading amongst the IBs, with availability of market makers in various trading instruments and mechanisms.