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BC-9.12.10

An Islamic bank licensee must take reasonable steps to ensure that when it publishes investment research, disclosure is made of the following matters:

(a) Any financial interest or material interest that the investment analyst or a close relative has, which relates to the financial instrument;
(b) Any shareholding by the Islamic bank licensee or its associate of 1% or more of the total issued share capital of the issuer;
(c) Whether the Islamic bank licensee or its associate acts as corporate broker for the issuer;
(d) Any material shareholding by the issuer in the Islamic bank licensee;
(e) Any corporate finance business undertaken by the Islamic bank licensee with or for the issuer over the past 12 months, and any future relevant corporate finance business initiatives; and
(f) Whether the Islamic bank licensee is a market maker in the financial instrument.
Amended: January 2011
Added: April 2008