BC-9.13.1
Past version: Effective from 01 Apr 2008 to 30 Jun 2015
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The minimum information that should be contained in promotional material for specific products includes:
(a) The name of the Islamic bank licensee communicating the promotional material;
(b) The Islamic bank licensee's Category of license;
(c) The Islamic bank licensee's address;
(d) A description of the main characteristics of the financial instrument involved or service offered;
(e) Suitable warning regarding the risks of the financial instrument involved and/or service offered; and
(f) A clear statement indicating that, if a retail customer (as defined in Section BC-9.4) is in any doubt about the suitability of the agreement which is the subject of the promotion, he should consult his own financial adviser, or else the Islamic bank licensee .
Added: April 08