CBB Volume 1: Contents

Central Bank of Bahrain Volume 1—Conventional Banks
Part A
Business Standards
BC Business and Market Conduct
Skip to Content
Whole SectionText only Print Print Manager Link

BC-8.9.5

In determining whether a conventional bank licenseeG has taken reasonable care to provide the best overall price for a customerG in accordance with Rules BC-8.9.2 to BC-8.9.4, the CBB will take into account whether an conventional bank licenseeG has:

(a) Executed orders promptly and sequentially;
(b) Discounted any fees and charges previously disclosed to the customerG ;
(c) Disclosed the price at which an order is executed; and
(d) Taken into account the available range of price sources for the execution of its customersG ’ transactions. In the case where the conventional bank licenseeG has access to prices of different regulated financial markets or alternative trading systems, it must execute the transaction at the best overall price available having considered other relevant factors.

Added: April 2008
 Versions
(1 Version)
 
Apr 1 2008 onwards
Back to top