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  • BC-8.2 BC-8.2 General Rules

    • BC-8.2.1

      This Module applies to the regulated banking services listed in Subparagraphs LR-1.3.1 (h to l) of all conventional bank licensees.

      Amended: April 2012
      Amended: January 2011
      Added: April 2008

    • BC-8.2.2

      This Module aims to encourage high standards of business conduct, which are broadly applicable to all conventional bank licensees, all regulated banking services referred to in Paragraph BC-8.2.1, and all types of customers. The CBB, nevertheless, recognises that customers' level of sophistication and understanding of risks underlying financial instruments vary. Accordingly, the level of safeguards provided for in the business conduct requirements for retail customers, for instance, are different from those for accredited investors.

      Amended: January 2011
      Added: April 2008

    • BC-8.2.3

      This Chapter comprises a number of overarching principles of business conduct, with respect to the conduct of regulated banking services by conventional bank licensees; these cover the various stages of the life of a customer relationship.

      Added: April 2008

    • BC-8.2.4

      Conventional bank licensees must maintain adequate records to demonstrate compliance with the requirements in this Chapter.

      Added: April 2008

    • BC-8.2.5

      The CBB will monitor compliance with this Chapter. If required, the CBB may develop more detailed rules and guidance to supplement the existing IBCP.

      Added: April 2008