Disclosure of Interest (Retail Associations) Regulations

Marginal note:Disclosure of changes

3 A retail association shall disclose any change in the rate of interest applicable to a deposit account or any change in the manner of calculating the amount of interest applicable to the deposit account, by means of

• (a) a written statement delivered to the person in whose name the account is kept;

• (b) a written statement copies of which are available and displayed in each branch of the retail association where such accounts are kept; or

• (c) a general notice that is displayed in each branch of the retail association where such accounts are kept.