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of <h1>Code of Conduct for Insolvency Professionals: Integrity, Conflict Disclosure, Cooling-Off, Fee Transparency under Regulation 7(2)(h)</h1> The Code of Conduct for insolvency professionals mandates integrity, objectivity, independence, and impartiality, prohibiting misrepresentation, conflicts of interest, self-dealing in debtor assets, and undue influence over stakeholders. It requires comprehensive disclosure of relationships, conflicts, remuneration, costs, and professional engagements, with strict rules on use of relatives, related parties, and other professionals. Professionals must act competently, timely, and diligently, maintain clear records, manage information and confidentiality responsibly, and cooperate with regulatory inspections and inquiries. They must avoid over-commitment, incompatible employment, and post-assignment engagements with key stakeholders for a cooling-off period, and ensure fees and process costs are transparent, reasonable, and law-compliant. Acceptance or offering of gifts, hospitality, or advantages that compromise independence or seek improper benefit is strictly barred.
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