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AU-1.1.5

Persons licensed as banks by the CBB may also undertake the specific activities covered by the definition of regulated investment servicesG (such as trading in financial instrumentsG as principal), since these specific activities also form part of the definition of regulated banking servicesG (or regulated Islamic banking servicesG in the case of Islamic banks). In such cases, banks are not required to hold a separate investment firm licenseG .

Amended: July 2007
 Versions
(2 Versions)
 
Up to Jun 30 2007Jul 1 2007 onwards
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