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BC-9.8.10

In relation to a transaction in a financial instrument that is not readily realisable, Islamic bank licensees must:

(a) Warn the customer that there is a restricted market for such financial instruments, and that it may therefore be difficult to deal in the financial instrument or to obtain reliable information about its value; and
(b) Disclose any position knowingly held by the Islamic bank licensee or any of its associates in the financial instrument or in a related financial instrument.
Amended: July 2015
Amended: January 2011
Added: April 2008