CBB Volume 1: Contents

Central Bank of Bahrain Volume 1—Conventional Banks
Part A
Business Standards
BC Business and Market Conduct
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BC-8.12.2

Where conflicts arise, conventional bank licenseesG must:

(a) Disclose any material interest or conflict of interest to the customerG in writing (which may include a disclosure in the conventional bank licenseeG ’s terms of business) either generally or in relation to a specific transaction, and take reasonable steps to ensure that the customerG does not object;
(b) Establish information barriers between activities such as proprietary trading, portfolio management and corporate finance business; and
(c) Produce a written policy of independence, which requires an employee to disregard any conflict of interest or material interest when advising a customerG or exercising discretion.

Added: April 2008
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Apr 1 2008 onwards
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