BC-2.7 BC-2.7 Conduct
BC-2.7.1
The BMA will regard any breaches of the rules stated below regarding gifts, favours, betting and entertainment unacceptable.
Gifts and favours
BC-2.7.2
No broker, including management, employees and other persons acting on their behalf, shall offer or give inducements to dealing room personnel of a bank. No gifts or favours whatsoever shall be so given unless the broker is satisfied that the person responsible for dealing operations in the bank concerned has been informed of the nature of the gift or favour.
BC-2.7.3
Employees of banks shall not solicit inducements from brokers, nor shall they receive unsolicited gifts or favours from brokers without informing the person responsible for dealing operations in the bank concerned of the nature of such gifts or favours.
Bets
BC-2.7.4
The making or arranging of bets between brokers and bank dealers is totally unacceptable.
Entertaining
BC-2.7.5
It shall be the responsibility of management in both banks and brokers to ensure that entertainment offered in the course of business does not exceed reasonable limits and does not infringe standards of propriety and decency.
