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    <description>A Code of Conduct must be formulated by asset management companies and other persons who handle unpublished price sensitive information to regulate, monitor and report trading by Designated Persons and immediate relatives; AMCs must have board-approved codes adopting Schedule B1 minimum standards, other persons adopt Schedule C standards, professional firms are treated as fiduciaries, and each entity must designate a Compliance Officer to administer the code.</description>
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      <description>A Code of Conduct must be formulated by asset management companies and other persons who handle unpublished price sensitive information to regulate, monitor and report trading by Designated Persons and immediate relatives; AMCs must have board-approved codes adopting Schedule B1 minimum standards, other persons adopt Schedule C standards, professional firms are treated as fiduciaries, and each entity must designate a Compliance Officer to administer the code.</description>
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