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Cold caling banned by UAE Central Bank

Cold caling banned by UAE Central Bank

Old Mar 23rd 2011, 12:02 pm
  #1  
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Default Cold caling banned by UAE Central Bank

Taken from International Adviser

"Banks and other institutions regulated by the United Arab Emirates Central Bank have been banned from cold calling customers to market loans and investment products.

The unexpected ban, which is said to have taken effect on Sunday and has stunned many in the UAE’s financial advisory community, does not affect financial advisory firms that are licensed by the UAE’s Insurance Authority"



The circular does not mention fines or any other punishments for those who flout the ban.

The ruling does not cover all the salespeople in the UAE, but it's a start.

Last edited by Meow; Mar 23rd 2011 at 12:02 pm. Reason: Damn - can't edit typo in title!
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Old Mar 23rd 2011, 12:48 pm
  #2  
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Default Re: Cold caling banned by UAE Central Bank

Originally Posted by Meow View Post
Taken from International Adviser

"Banks and other institutions regulated by the United Arab Emirates Central Bank have been banned from cold calling customers to market loans and investment products.

The unexpected ban, which is said to have taken effect on Sunday and has stunned many in the UAE’s financial advisory community, does not affect financial advisory firms that are licensed by the UAE’s Insurance Authority"



The circular does not mention fines or any other punishments for those who flout the ban.

The ruling does not cover all the salespeople in the UAE, but it's a start.
shame I could have some fun on the phone
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Old Mar 23rd 2011, 12:58 pm
  #3  
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Default Re: Cold caling banned by UAE Central Bank

Originally Posted by Blue Cat View Post
shame I could have some fun on the phone
breathing heavily?
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Old Mar 23rd 2011, 1:05 pm
  #4  
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Default Re: Cold caling banned by UAE Central Bank

Originally Posted by Spugsy View Post
breathing heavily?
grassing them up
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