Market conduct rules

Market conduct rules set standards for how financial market participants behave when trading, advising, distributing products or disclosing information. In Switzerland they are relevant under financial market legislation and FINMA supervision, especially for insider trading, market manipulation, conflicts of interest, best execution and client information. They protect market integrity and investor confidence. Breaches may lead to supervisory measures, civil liability and, for serious misconduct such as insider dealing or manipulation, criminal consequences.