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  • BC-4.6 BC-4.6 Notification to the CBB on Introduction of New or Changes to Customer Products and Facilities

    • BC-4.6.1

      [This Paragraph was deleted in October 2016.].

      Deleted: October 2016
      Amended January 2011
      October 2007

    • BC-4.6.2

      All Islamic retail banks licensed by the CBB are required to notify the CBB before the introduction of any new or expanded customer products and facilities. The CBB will respond to the concerned bank within one week of receipt of the notification if it has any observations on the new product.

      Amended: October 2016
      Amended January 2011
      October 2007

    • BC-4.6.2A

      The reference to changes in existing product/service refers to changes that will have an additional financial cost to the customers.

      Added: October 2016

    • BC-4.6.3

      [This Paragraph was deleted in October 2011].

      Deleted: October 2011