The Conduct Rules are designed to establish a standard of behavior for which group of people?

The Conduct Rules are specifically designed to establish a standard of behavior for individuals who fall under the Senior Managers and Certification regimes. This framework is part of regulatory initiatives aimed at ensuring that individuals in significant roles within financial institutions maintain high standards of conduct and accountability in their professional responsibilities.

By focusing on those in senior management and certified roles, the Conduct Rules aim to promote a culture of compliance and integrity at the highest levels, ensuring that leaders set the tone for ethical behavior throughout the organization. Individuals within these regimes are expected to adhere to the Conduct Rules, which encompasses principles such as acting with integrity, due skill, care, and diligence, and treating customers fairly, which are essential for maintaining trust in the financial system.

While it may seem beneficial to extend similar standards to all staff members or external stakeholders, the primary focus of the Conduct Rules is on those whose decisions significantly impact the organization and its clients. This targeted approach aims to hold those in key positions accountable for their actions and decisions, thereby enhancing overall governance and operational integrity within financial organizations.