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10-6-3

The above policy would apply even if the DIFC Branch is not authorised to Accept Deposits. However, the Head Office's licence in its home state must include authorisation to Accept Deposits or the equivalent local financial service if the firm wishes to use the word "bank" in its name in the DIFC. In other words, if the name of the Head Office includes the word "bank" but the Head Office is not in fact permitted to Accept Deposits, the DIFC Branch will not be permitted to use the word "bank" in its name or would be required to follow the policy set out in paragraphs 10-6-4 to 10-6-6 below.

Derived from Notice of Updates (Made 14th July 2015). July 2015 Edition