Regulatory Alerts2019-06-17
Instruction No. 00005-DOM/19 Adopting the Code of Good Conduct Applicable to Participants in the Money Market
The Central Bank of Madagascar issued Instruction No. 00005-DOM/19 to formally adopt and enforce a mandatory Code of Good Conduct for all money market participants. The Code establishes binding ethical, execution, and information exchange principles requiring participants to maintain rigorous professional standards, manage conflicts of interest, ensure fair and transparent trade execution, and strictly protect confidential information. Compliance is formalized through a signed declaration submitted within ten business days, with the Central Bank empowered to issue warnings, temporary suspensions, or permanent market exclusions for breaches.
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