Version 4 (CMC/VER04/11-22)
Purpose
1. The purpose of the Code of Market Conduct is to provide Guidance on the Market Abuse provisions in Part 6 of the Markets Law.
2. The Code is intended to:
a. help persons to determine whether or not conduct is Market Abuse;
b. assist persons such as Authorised Persons who may be subject to obligations to monitor for, prevent or report Market Abuse to comply with their obligations; and
c. clarify that certain market practices do not, in the DFSA’s view, ordinarily amount to Market Abuse.
3. The Code is relevant to any person to whom Part 6 of the Markets Law applies. Part 6 applies to persons generally, that is:
a. whether an individual, Body Corporate or body unincorporated; and
b. whether regulated by the DFSA (such as an Authorised Person) or unregulated.
Status
4. The information in the Code is made and issued as Guidance on the provisions in Part 6 of the Markets Law and as such is indicative and non-binding. This Guidance is issued by the DFSA Board of Directors under Article 20(2)(c) of the Regulatory Law.
5. In the Code, the DFSA sometimes sets out its views on the inter...