13.1. Obligation to prepare prudential returns

(1) A Takaful Operator must prepare and submit to the AFSA the annual, biannual and quarterly prudential returns set out in Schedule 6 (Prudential returns by Takaful Operators).

(2) The AFSA may require the Takaful Operator to prepare additional prudential returns, by giving a notice to that effect to the Takaful Operator.

13.2. Deadlines for provision of returns

(1) A Takaful Operator must give an annual prudential return to the AFSA within 4 months after the day the relevant financial year of the Takaful Operator ends.

(2) A Takaful Operator must give a biannual prudential return to the AFSA within 1 month after the day the relevant standard biannual period ends.

(3) A Takaful Operator must give a quarterly prudential return to the AFSA within 1 month after the day the relevant standard quarter ends.

(4) In this rule:

• (a) standard biannual period means the 6-month period ending on 30 June or 31 December; and
• (b) standard quarter means the 3-month period ending on 31 March, 30 June, 30 September or 31 December.

13.3. External audit opinion to accompany

When a Takaful Operator submits its annual prudential returns to the AFSA, it must also provide an external audit opinion to accompany those prudential returns.