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    <title>Code of Conduct for Merchant Bankers</title>
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    <description>Merchant bankers must protect investor interests by exercising due diligence, independent professional judgment and high standards of integrity; provide timely, adequate and non-misleading disclosures and issue literature; address investor inquiries and grievances; avoid, disclose and resolve conflicts of interest; maintain internal controls, supervisory resources and a code of conduct; and refrain from misrepresentation, unfair competition, market manipulation, passing unpublished price sensitive information and insider trading, with specific disclosure obligations when giving public investment advice.</description>
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