Entire section Custom print Link Text Only Rich Text Print

BC-9.2.1

In order to make customer complaints handling procedures as transparent and accessible as possible, all conventional bank licensees must document their customer complaints handling procedures. These include setting out in writing:

(a) The procedures and policies for:
(i) Receiving and acknowledging complaints;
(ii) Investigating complaints;
(iii) Responding to complaints within appropriate time limits;
(iv) Recording information about complaints;
(v) Identifying recurring system failure issues.
(b) The types of remedies available for resolving complaints; and
(c) The organisational reporting structure for the complaints handling function.
Amended: January 2012
October 2011