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  • Records

    • BC-9.10.10

      Islamic bank licensees must immediately record the essential elements of all orders that are received.

      Added: April 08

    • BC-9.10.11

      For the purposes of Rule BC-9.10.10, essential elements of orders received include the particulars of the customer and order, time, price of execution, and number of instruments.

      Added: April 08

    • BC-9.10.12

      Islamic bank licensees must immediately record the essential elements of individual orders received, including:

      (a) Particulars of the customer and order;
      (b) Time of execution;
      (c) Price of execution; and
      (d) Number of instruments.
      Amended: July 2015
      Added: April 08

    • BC-9.10.13

      For purposes of Rule BC-9.10.12, Islamic bank licensees should include, at the very least, the information provided in Paragraph BC-9.13.9.

      Amended: July 2015
      Added: April 08

    • BC-9.10.14

      Islamic bank licensees must make a copy of any confirmation of a transaction or periodic statement provided to a customer, and retain it for at least five years from the date on which it was provided.

      Added: April 08