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Duty to keep business separate
Banks And Financial Institutions (Unit Trusts) Regulations, reg. 20 · Revised Edition 2020
Where a licensee which also carries on banking business or financial business uses its premises for the sale of subscriptions to the fund, the licensee shall ensure as far as practicable that the sale of subscriptions to funds shall be made physically separate and distinct from the general banking area,
and staff involved in traditional banking shall not seek to offer investment advice.
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