The principles shall apply to all the employees of the Financial Institution, provided that the board of directors of the institution shall adopt a policy of ethics and professional conduct in accordance with the principles, relevant laws and instructions issued by competent authorities.

The principles define the minimum ethical conduct. In addition, it shall be the responsibility of all mangers within the Financial Institution to ensure that these principles are read, signed and enclosed in the employee file with the competent department. Managers shall also be responsible for determining the need to issue more detailed instructions and procedures within their departments to enhance compliance with these principles. The Financial Institution shall adequately explain the principles to the staff when joining the institution.