Code of Conduct for capital market intermediaries: duties to protect investors, avoid conflicts and prevent market manipulation. The schedule prescribes a Code of Conduct for capital market intermediaries requiring them to protect investor interests by exercising due diligence, providing suitable advice, maintaining confidentiality, avoiding manipulative practices and insider trading, and disclosing and managing conflicts of interest. It imposes organisational requirements-adequate internal controls, fit and proper personnel, empowered compliance officers, records and audit trails-and assigns senior management primary responsibility for adherence. Specific intermediary categories (broker dealers, credit rating agencies, custodians, distributors, advisers, bankers to issue, research entities, etc.) have tailored duties on disclosures, suitability assessments, prompt execution and settlement, methodology transparency, and advertisement standards.
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Code of Conduct for capital market intermediaries: duties to protect investors, avoid conflicts and prevent market manipulation.
The schedule prescribes a Code of Conduct for capital market intermediaries requiring them to protect investor interests by exercising due diligence, providing suitable advice, maintaining confidentiality, avoiding manipulative practices and insider trading, and disclosing and managing conflicts of interest. It imposes organisational requirements-adequate internal controls, fit and proper personnel, empowered compliance officers, records and audit trails-and assigns senior management primary responsibility for adherence. Specific intermediary categories (broker dealers, credit rating agencies, custodians, distributors, advisers, bankers to issue, research entities, etc.) have tailored duties on disclosures, suitability assessments, prompt execution and settlement, methodology transparency, and advertisement standards.
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