Common use of Supervisory Precautions Clause in Contracts

Supervisory Precautions. Units where a conflict of interests may arise and employees of these units are supervised and monitored by administrators in each unit of the institution. The required investigations and prosecutions are carried out by the Presidency of Board of Inspectors / Presidency of Audit Group in line with the relevant work flows. Ethical Principles have been formulated with the intention of avoiding all kinds of disputes and conflicts of interests that may arise between our employees, customers and our Institution. Working principles and customer relations are handled accordingly. If our Institution is charging a commission, discount or a similar other benefit in its own name or in the name of such third parties as issuer, stock exchange or official authorities, it discloses this fact to its customer prior to provision of its services. Problems detected by independent audit firms and official authorities authorized to audit the capital market transactions are evaluated and handled by the relevant units with priority.

Appears in 5 contracts

Samples: Personal Banking Services Agreement, Personal Banking Services Agreement, Personal Banking Services Agreement

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