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GR-6.1.1

The CBB has recognised the need to revise its rules in keeping with the following changes at a systemic level, both globally and regionally:

a) market growth in e-commerce activities;
b) increased use of internet and mobile payments;
c) consumer demand to increasingly use smart device based payment solutions;
d) the developments in innovative technology; and
e) a trend towards customers having multiple account providers.

This section sets forth the rules applicable to Islamic retail bank licenseesG with regards to the new category of ancillary service providersG described below.

Added: April 2019
 Versions
(1 Version)
 
Apr 1 2019 onwards
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