Master Circular on Products and Services of Banks

1 - Definitions

1.1 Electronic or Digital Channels: It means offering of internet banking, mobile banking, and any other channel specifically permitted by the Central Bank of Oman.

1.2 CBO: The Central Bank of Oman

1.3 FCPRF: Master Circular BM 1184 dated December 29, 2021 on Financial Consumer Protection Regulatory Framework

1 .4 Promotional Campaign Guidelines: Master Circular BM - 1167 dated November 11, 2019 on Promotional Campaigns/Competitions/Merch ant Discount Schemes/Loyalty Programmes of Banks

1.5 AML/ CFT Supervisory Guidelines: Master Circular BM 1187 dated April 25, 2022 on Instructions under the Law on Combating Money Laundering and Terrorism Financing (Oman Sultani Decree No. 30/2016)

1.6 Outsourcing Guidelines: Master Circular BM 1080 dated April 16, 2011 on Outsourcing

1.7 Cloud Services Guidelines: Master Circular No. 1185 dated May 08, 2022 on Rules for availing "Cloud Services" by Licensed Institutions

1.8 Marketing of Foreign Investment Products Guidelines: Master Circular No. BM 1079 dated February 24, 2011 on Marketing of Foreign Investment Products

1.9 Banking Facilities to Minors: Master Circular No. BM 1186 dated March 30, 2022 on Banking Facilities to Minors