Principle 10: Conflict of Interest
| No: 44006639 | Date(g): 23/8/2022 | Date(h): 26/1/1444 | Status: In-Force |
The financial institution must establish a written policy on conflict of interests. It must also ensure the existence and implementation of the policies that help in identifying transactions that are likely to be a source of conflict of interest. If a conflict of interest is likely to occur between the finance institution and any other party, the finance institution must inform the responsible authority of these cases.