Performance of functions relating to financial market infrastructure Proposed Senior Managers & Certification Regime Conduct Rules
Conduct Rules set minimum, high-level expectations regarding the conduct of individuals and provide a framework against which firms and regulators can form judgements about an individual’s behaviour and actions.
	The Act provides powers for the Bank and the FCA to make conduct rules which apply to all employees of the entity, as well as to require firms to ensure that all employees understand how those rules apply in relation to them. Conduct rules would be determined by the regulators following public consultation.