a) Compliance with the law
The Stockbroker shall familiarize himself and comply with all Laws, Rules and Regulations Governing his business including the Provisions of the Act, the Rules and Regulations of the Exchange, these Rules and any other Laws Rules and Regulations Governing the business of Stockbrokers at the market and shall not knowingly participate m, condone or aid any acts in violation of the said Laws, Rules and Regulations.
The Stockbroker shall comply with any inquiries or investigations lawfully undertaken by any competent authority or the Exchange.
c) Criminal Conduct
The Stockbroker shall not engage in any fraudulent or dishonest conduct or commit a criminal offence under any of the Laws of the Republic or of other governments which would impact negatively on the market and the Association and reflect negatively on the Stockbroker's honesty or his fitness to be a Stockbroker.
The Stockbroker shall maintain a high degree of integrity in the conduct and performance of his business.
The stockbroker shall do all he reasonably can to preserve and improve the dignity and quality of the business at the market and shall conduct his business in a fair, orderly and transparent manner.
f) Conflict of Interests
For the success of the market the Stockbroker shall ensure that there is no conflict of his interests with those of the market and that in the event of such conflict arising, the Stockbroker's interests should be subordinate to those of the market, otherwise the
Stockbroker shall make full disclosure thereof to the other Stockbrokers.
g) Protection of the Market
The Stockbroker shall do all he reasonably can to protect the market from any threat or possibilities of adverse effects both from within or without and shall take all necessary precautions to guard against such and accordingly notify the other Stockbrokers and consult with them for taking the requisite action.
h) Circulating False Information
The Stockbroker shall reasonably ensure that no misleading, false or alarming information is circulated in the market and in the event that the Stockbroker reasonably believes that such information is being or is about to be circulated in the market he shall promptly notify the Association and the Exchange.
i) Development of the Market
The Stockbroker shall do all he reasonably can to ensure the development and advancement of the market and shall whenever possible recommend how the existing procedures and systems of the market can be improved or enhanced to make the market more efficient and successful in the delivery of its services.
The Stockbroker shall strive to acquire proper knowledge of the business at the market and for that purpose he is to carry out such research and investigations as would be necessary.
k) Facts and opinions
In the conduct of business at the market the Stockbroker shall use reasonable judgment as to the inclusion and application of any applicable factors in research reports and shall distinguish between facts and opinions in such reports.
I) Research Report for Public
The Stockbroker shall indicate the basic characteristics of any investment involved when preparing for general public distribution a research report that is not directly related to a specific client or portfolio.
The Stockbroker shall ensure that all persons employed or appointed in his business do comply with these Rules and all Laws, Rules and Regulations Governing the business of Stockbrokers at the market and that they are persons of great integrity and are
competent and able to conduct the business with due care, diligence, honesty and expertise.
n) Conduct of business.
The Stockbroker shall take all reasonable measures to ensure that his business IS conducted free from any fraudulent or deceitful conduct.
o) Records and books
The Stockbroker shall maintain the minimum books and records with full disclosures as prescribed by the Authority and the Exchange pertaining to his business at the market.