Reset to Today

To access the FCA Handbook Archive choose a date between 1 January 2001 and 31 December 2004.

Content Options:

Add to favourites

View Options:

More Resources:

External link Handbook Publications

You are viewing the version of the document as on 2023-07-31.

Timeline guidance

APER 4.3 Statement of Principle 3

APER 4.3.1GRP

The Statement of Principle 3 (see APER 2.1A.3 R2) is in the following terms: "An approved person must observe proper standards of market conduct in carrying out his accountable functions."5

525
APER 4.3.2G

[deleted]1

1
APER 4.3.3GRP

2A factor to be taken into account in determining whether or not an approved person's conduct complies with this Statement of Principle )5 is whether he, or his APER employer4, has complied with the Market Abuse Regulation3 or relevant market codes and exchange rules.

1
APER 4.3.4GRP

2In the opinion of the FCA, compliance with the code or rules described in APER 4.3.3G will tend to show compliance with this Statement of Principle.