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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A conventional bank licenseeG may only accept goods and services under a soft dollar agreementG if:

(a) The goods and services do not constitute an inducement;
(b) The goods and services are reasonably expected to assist in the provision of regulated investment activities to the conventional bank licenseeG ’s customersG ;
(c) The agreement is a written agreement for the supply of goods or services described in Rule BC-8.12.14, and these goods and services do not take the form of, or include, cash or any other direct financial benefit; and
(d) The conventional bank licenseeG makes adequate disclosures regarding the use of soft dollar agreementsG .

Added: April 2008
(1 Version)
Apr 1 2008 onwards
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