Financial consumer protection Sample Clauses
The financial consumer protection clause establishes safeguards to ensure that individuals using financial products and services are treated fairly and transparently. It typically requires financial institutions to provide clear information about terms, fees, and risks, and to implement procedures for handling complaints or disputes. By setting these standards, the clause helps prevent unfair practices, reduces the risk of consumer harm, and promotes trust in financial markets.
Financial consumer protection. The terms and conditions of the Agreement shall be based on the principles of fairness, reasonableness, equality, mutual benefit and integrity.
Financial consumer protection. (a) The PRINCIPAL is given a “cooling period” of two
Financial consumer protection. I. The terms and conditions of the Agreement shall be based on the principles of fairness, reasonableness, equality, mutual benefit and integrity.
II. Terms and conditions of the Agreement that are obviously unfair shall be void. Any ambiguities conveyed by the terms of the Agreement shall be interpreted in the way that reflects the Principal's best interest.
III. The Agent shall exercise the due care of a prudent manager when providing financial products or services according to the Agreement. Where the financial products or services above involve a trust or mandate, the duty of loyalty shall be exercised as required by the applicable regulations or contracts.
Financial consumer protection. (a) The TRUSTOR is given a “cooling period” of two (2) business days (the “Cooling Period”) reckoned from the date of account opening whereby the TRUSTOR is allowed to revoke, cancel or terminate this Trust by serving the TRUSTEE a written notice of instruction to cancel within such period. The TRUSTOR understands that when availing of the Cooling Period, the withdrawal proceeds shall be net of all set-up, transaction and related costs incurred by the TRUSTEE when the account was opened. The TRUSTOR hereby acknowledges that the liquidation of the FUND shall be subject to the prevailing market prices at the time of cancellation or revocation of the account and losses, if any, shall be borne by the TRUSTOR.
(b) The TRUSTOR may send complaints, inquiries or concerns about trust products and services to the TRUSTEE, either through electronic medium, verbal communication through phone, or via facsimile or other forms of written communication. For twenty-four hour access, the TRUSTOR may send complaints to the following contact details: Electronic Mail ▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇ Contact No. ▇▇ ▇ ▇▇▇▇ ▇▇▇▇ (877-RCBC) Upon receipt of such complaints, inquiries or concerns, the TRUSTEE shall observe its internal policy governing consumer protection by having the Consumer Assistant Officer (CAO)/Alternate CAO, conduct a comprehensive investigation on the matter and relay to the TRUSTOR its findings through any choice of communication provided under this Agreement. Further, the TRUSTOR may refer the findings of the TRUSTEE to the BSP for further study and evaluation.
(c) The TRUSTEE is regulated by the BSP (▇▇▇▇://▇▇▇.▇▇▇.▇▇▇.▇▇/).