A bank has cancelled the agency appointment of TOP Investment Advisers Ltd. The bank must: (i) inform the Central Bank immediately of the cancellation. (ii) place a notice of discontinuance in a national newspaper within seven working days. (iii) write to all customers affected by the cancellation informing them of the cancellation within 28 working days.

• A. (i) only.
• B. (ii) only.
• C. (ii) and (iii) only.
• D. (i), (ii) and (iii).

Answer: (A)

The key point is regulatory reporting when a bank’s agency appointment ends. The rule requires the bank to inform the Central Bank immediately so the regulator has current information for supervision and record-keeping. That immediate notification helps maintain oversight and prevents gaps in who is authorized to provide advisory services.

Publishing a notice in a national newspaper and sending notices to all affected customers aren’t mandated by this specific requirement. Those actions aren’t triggered by the act of cancelling an agency appointment in this context, and they could be governed by separate disclosure or consumer-protection rules, but not by this particular obligation.

So the only mandatory action is informing the Central Bank immediately.