Code of Conduct for Merchant Bankers requires investor protection, disclosure, conflict management and prohibition of market manipulation. The amendment replaces Schedule III to prescribe a Code of Conduct for Merchant Bankers imposing duties to protect investors, maintain integrity and due diligence, make timely and adequate disclosures, avoid and manage conflicts of interest through disclosure and resolution mechanisms, preserve client confidentiality except as legally required, notify clients of material changes affecting them, maintain internal controls and supervision, empower compliance officers, ensure fitness of personnel, and prohibit market manipulation and dissemination of unpublished price sensitive information.
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Provisions expressly mentioned in the judgment/order text.
Code of Conduct for Merchant Bankers requires investor protection, disclosure, conflict management and prohibition of market manipulation.
The amendment replaces Schedule III to prescribe a Code of Conduct for Merchant Bankers imposing duties to protect investors, maintain integrity and due diligence, make timely and adequate disclosures, avoid and manage conflicts of interest through disclosure and resolution mechanisms, preserve client confidentiality except as legally required, notify clients of material changes affecting them, maintain internal controls and supervision, empower compliance officers, ensure fitness of personnel, and prohibit market manipulation and dissemination of unpublished price sensitive information.
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