الإمارات تعلن الرسوم المصرفية الجديدة القاعدة
The UAE Central Bank issued an announcement on Tuesday.
UAE Central Bank (CBUAE) declares that it has distributed an
Amendment to 'Annexure 2' of the Regulations Regarding Bank Loans and Services
Offered to Individual Customers(2011).
This Amendment sets out the new most extreme breaking points or
'expense tops' for expenses or commissions charged on retail client benefit.
The expense tops apply to managing an account shopper related charges for
instance, home advances and late expenses for Visas.
This Amendment comes as CBUAE is attempted more dynamic
supervision of the managing an account segment with the appropriation of buyer
assurance standards - rivalry hindering, usury, legal official capacity, and
vital related standards.
Besides, banks and back organizations must have the proper item
endorsement forms set up for all items which incorporate an examination of the
premise and fittingness of the expense figuring and, if appropriate charge
bring down expenses than those recommended in the tops.
Fee caps are being used as a
tool to protect consumers from anti-competitive and unfair practices.
This includes ensuring that
entities do not automatically default to using the maximum caps when the actual
costs are lower and banks will have to justify their increased costs in order
to increase fees. If consumers notice incidents of non-compliance they are
urged to notify the Central Bank immediately.
CBUAE calibrated the cap levels
on the targeted fee types based on a detailed benchmarking exercise,
understanding of cost bases and expert judgment by CBUAE.
The analysis benchmarked 140
fee types and applied fee caps on 43 based on those consumer protection principles.
Of the 43, 24 fee types are common with the old fee caps but are either at the
same level or lower and 19 are new fee types such as those that relate to home
loans and credit cards.
Banks have been engaged in an
initial round of consultations about the revised CBUAE regulation on fee caps
and are comfortable with the extensive benchmarking and transparent nature of
the new fee cap mechanism.
Banks have been occupied with an underlying round of conferences
about the updated CBUAE direction on charge tops and are OK with the broad
benchmarking and straightforward nature of the new expense top system.
CBUAE additionally taught banks and fund organizations to show
the new charge tops on their sites.
Going ahead expenses charged by the banks will be looked into
yearly, going ahead, to guarantee that customers are fittingly secured. The
Amendment additionally expresses that banks should advise and look for
endorsement from CBUAE (ex-bet) of any arranged presentation of another expense
or a difference in charges bigger than 5 for each penny.
Banks should tell and look for endorsement by CBUAE for these
augmentations or changes amid the initial 5 long stretches of April or October
every year.
All fees that are highlighted in the Amendment are exclusive of
UAE VAT charges set by the Federal Tax Authority.
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