Regulatory Alerts2026-07-06 | BM 1232Added · Updated
BM 1232 - Code of Conduct and Business Ethics for Banks and Financial Institutions
Licensed banks, finance and leasing companies, payment service providers, and money exchange establishments operating in Oman must develop, adopt, and implement internal policies and procedures on conduct and business ethics consistent with the attached Code. These policies must be commensurate with the institution's size, nature, complexity, and scale of operations, and must be implemented no later than 30 June 2027. The Code establishes minimum principles and standards covering integrity, professional conduct, conflict of interest, data confidentiality, and anti-corruption measures for all employees of the affected entities.
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