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BERMUDA MONETARY AUTHORITY

BERMUDA MONETARY AUTHORITY CONSULTATION PAPER PROPOSED ENHANCEMENTS TO THE INVESTMENT BUSINESS REGIME: GENERAL BUSINESS conduct AND PRACTICE: code OF conduct AND ADVERTISING code OF conduct FEBRUARY 2022 2 Table of Contents INTRODUCTION .. 3 CHANGES TO THE code .. 4 Changes stemming from expansion of the framework s scope .. 4 Enhanced expectations regarding over-the-counter (OTC) leveraged products .. 4 Other changes proposed .. 5 CONCLUSION .. 5 Appendix I Draft Investment Business code of General Business conduct and Practice 3 INTRODUCTION 1.

(Code), replaces the Investment Business Act 2003 General Business Conduct and Practice Code of Conduct and the Advertising Code of Conduct, both of which were issued in June 2010. 2. The Code is issued pursuant to section 10 of the Investment Business Act 2003 (Act). Section 10 provides that the Bermuda Monetary Authority (Authority or BMA ...

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