Employment in Financial Services

Contributing Editor

First Name

Louise

Surname

Skinner

at

Law firm

Morgan Lewis & Bockius

In a rapidly evolving regulatory landscape, employers in the financial services sector must ensure they are fully compliant with local employment rules and procedures. Helping to mitigate risk, IEL’s guide provides clear answers to the key issues facing employers in the sector

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09. Is there a particular code of conduct and/or are there other regulations regarding standards of behaviour that financial services employees are expected to adhere to?

09. Is there a particular code of conduct and/or are there other regulations regarding standards of behaviour that financial services employees are expected to adhere to?

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UAE

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at Morgan Lewis & Bockius

In the DIFC, the DFSA General Rulebook provides that authorised individuals must adhere to six principles, as follows:

Principle 1 – Integrity
Principle 2 – Due skill, care and diligence
Principle 3 – Market conduct
Principle 4 – Relations with the DFSA
Principle 5 – Management, systems and control
Principle 6 – Compliance

In the ADGM, the FSRA General Rulebook provides that authorized individuals must adhere to eleven principles, as follows:

Principle 1 – Integrity
Principle 2 – Due skill, care and diligence
Principle 3 – Management, systems and control
Principle 4 – Resources
Principle 5 – Market conduct
Principle 6 – Information and interests
Principle 7 – Conflicts of Interest
Principle 8 – Suitability
Principle 9 – Customer assets and money
Principle 10 – Relations with regulators
Principle 11 – Compliance with high standards of corporate governance

Last updated on 24/04/2024