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  • BC-4.7 BC-4.7 Notification to the CBB on Introduction of New or Changes to Customer Products and Facilities

    • BC-4.7.1

      [This Paragraph was deleted in October 2016.]

      Deleted: October 2016
      Amended: October 2012
      Amended: January 2011
      October 07

    • BC-4.7.2

      All retail banks licensed by the CBB are required to notify the CBB before the introduction of any new products or services or any changes in existing product/service. The CBB will respond to the concerned bank within one week of receipt of the notification if it has any observations on the new application.

      Amended: October 2016
      Amended: January 2011
      October 07

    • BC-4.7.2A

      The reference to changes to customer products refers to the structure, features, risk profile in terms and conditions in existing product/service refers to changes that will have an additional financial cost to the customers.

      Added: October 2016

    • BC-4.7.3

      [This Paragraph was deleted in October 2011].

      Deleted: October 2011
      Amended: April 2011
      Amended: January 2011
      October 07