FCA to publicly recognise selected codes of conduct
Regulator launches consultation on its proposals to supervise SM&CR rules and says public recognition will encourage adherence
The UK’s Financial Conduct Authority (FCA) will undertake a review of industry codes related to proper conduct and publicly recognise participants whom the regulator believes set good standards of behaviour in unregulated markets, including foreign exchange.
The regulator says this will encourage market participants to adhere to selected codes of conduct, which will be part of the obligations of firms and senior managers under the Senior Managers and Certification Regime (SM&CR).
“We will
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