It only shows talisman effects on characters if the effect is active, right ?

[Rory]

Encountered a team in the arena just then, two of their characters had talisman effects that didn't make sense. A werewolf with a Banshee talisman effect, and a Phantom of the Opera Eddie with the Allied General talisman effect.

But those talismans say the effect only activates when on the specific characters. I.e. a Banshee talisman on a werewolf shouldn't activate, and thus, shouldn't display in the Arena, should it ?