Regulatory Alerts2021-02-02 | 13/04Approval of Ethics Principles and Code of Professional Conduct for Banking and Securities Market Participants
The National Bank of Georgia issued Order N13/04 to approve new Ethics Principles and a Code of Professional Conduct for commercial banks, brokerage companies, and asset management companies. This regulation establishes mandatory standards for integrity, professionalism, and conflict of interest management, replacing the previous 2018 order. It imposes specific obligations on market participants to ensure fair treatment of customers, prevent market manipulation, and maintain transparency in both banking and securities activities.
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