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Principle 10: Conflict of Interest

Date(g): 5/9/2022 | Date(h): 9/2/1444 Status: In-Force

Effective from Sep 05 2022 - Sep 04 2022
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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.