IMAS has updated its Code of Ethics and Standards of Professional Conduct (“Code”), to align to industry advances and regulatory developments.

Key changes include:

• 1. Expanded section on Best Execution to include policy establishment, execution factors and their relative importance
• 2. Expanded section on Money Laundering to cover MAS anti-money laundering and anti-terrorism measures
• 3. New section on Participation in IPO
• 4. New section on Conflict of Interest
• 5. New section on disciplinary procedures