FII code requires integrity, diligence, confidentiality, asset segregation; prohibits insider trading and market manipulation in securities. The Code requires Foreign Institutional Investors to observe integrity, fairness and professionalism, exercise due diligence and independent judgment, maintain confidentiality of trades, segregate own and sub-accounts' funds and securities, and ensure arm's-length relationships between investment and other business activities. It mandates compliance with applicable laws, regulations and ombudsman or board decisions, prohibits false statements, and forbids fraudulent transactions, market manipulation, false market creation, passing price-sensitive information, and insider trading by the FII or related persons.