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-2.8.1

Brokers shall be responsible for ensuring that:

(a) Their principals understand fully the limitations of the brokers' responsibilities for business and market conducted;
(b) All their principals understand that they are required to conform, where appropriate, to the Code of Conduct;
(c) Their staff carrying out transactions on behalf of principals are adequately trained both in the practices of the market-place and in the firm's responsibilities to principals; and
(d) The CBB is notified of any changes in broking staff, in accordance with CBB requirements.
October 07
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Oct 1 2007 onwards
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