APER 4.3 Statement of Principle 3
The Statement of Principle 3 (see ) is in the following terms: "An approved person must observe proper standards of market conduct in carrying out his controlled function."
A factor to be taken into account in determining whether or not an approved person's conduct complies with this Statement of Principle APER 2.1.2 P) is whether he, or his firm, has complied with the Code of Market Conduct MAR 1) or relevant market codes and exchange rules.
1Compliance with the code or rules described in APER 4.3.3 E will tend to show compliance with this Statement of Principle (APER 2.1.2 P).