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SG-2.3.31

In the performance of their duties, members of the SSB may have access to files, records, draft materials and conversations that are, under the Bahraini Islamic bank licensee's internal procedures and by market practice, deemed confidential. Where a member of the SSB serves several Bahraini Islamic bank licensees simultaneously, the issue arises as to how they handle confidential or commercially sensitive information obtained in the course of performing their duties. It is a key concern of professional ethics that confidential or sensitive information obtained by a member of the SSB while serving a Bahraini Islamic bank licensee should not be used by them in ways that could be detrimental to that Bahraini Islamic bank licensee, particularly in ways that might give a competitive advantage to its competitors.

August 2017