1.1. Name

These Rules are the AIFC Non-profit Incorporated Organisations Rules 2017 (or NPIOR).

1.2. Commencement

These Rules commence on 1 January 2018.

1.3. Legislative authority

These Rules are adopted by the Board of Directors of the AFSA under section 181 (Power to adopt rules etc.) of the AIFC Companies Regulations.

1.4. Application of these Rules

These Rules apply within the jurisdiction of the AIFC.

1.5. Definitions etc.

Terms used in these Rules have the same meanings as they have, from time to time, in the AIFC Non-profit Incorporated Organisations Regulations, or the relevant provisions of those Regulations, unless the contrary intention appears. Note: For definitions in the AIFC Non-profit Incorporated Organisations Regulations applying to these Rules, see Schedule 1 of those Regulations. The definitions in that Schedule relevant to these Rules include the following:

• Accounting Records

• AFSA

• AIFCA

• Auditor

• Contravene

• Document

• Founding Member

• Function

• Incorporated Organisation

• Person

• Records

• Registrar of Companies (or Registrar)

• Writing.

1.6. Administration of these Rules

These Rules are administered by the Registrar of Companies.