Certified Regulatory Compliance Manager (CRCM) — Question 64

Short-form disclosures are required in advertisements and promotional materials unless the advertisements and promotional materials are of:

Answer options

• A. A general nature describing or listing the products or services offered by the bank
• B. A specific nature describing or listing the products or services offered by the bank
• C. A general nature describing or special services offered by the bank
• D. A general nature describing competitive advantage of the bank

Correct answer: A

Explanation

Option A is correct because short-form disclosures are not required for advertisements that provide a general description of the bank's offerings. Options B, C, and D are incorrect as they either specify the nature of the description or focus on aspects that do not meet the criteria for exemption from short-form disclosures.