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BC-8.8.5

Without prejudice to the scope of the requirement under Rule BC-8.8.2(c), conventional bank licensees must provide retail customers with appropriate guidance on, and warnings of, relevant risks when providing regulated banking services, in relation to:

(a) Transactions in illiquid financial instruments;
(b) Leveraged transactions, including asset portfolios or collective investment schemes that have embedded leverage;
(c) Financial instruments subject to high volatility in normal market conditions;
(d) Securities repurchase agreements or securities lending agreements;
(e) Transactions which involve credit, margin payments, or deposit of collateral;
(f) Transactions involving material foreign exchange risk;
(g) Interests in real estate; and/or
(h) Islamic financial instruments.
Amended: January 2011
Added: April 2008