FSPB Code of Ethics

Kindly refer the full version here : FSPB Code of Ethics 


  1. This Code of Ethics for the Financial Services Industry (“Code”) is a public recognition by the financial services industry (“FSI”) of the critical and privileged role that it plays in society and the acceptance by the FSI of the responsibility upon organisations and individuals across the industry to consistently adhere to a high standard of professionalism and ethics in the conduct of their business and professional activities.
  2. A high standard of professionalism and ethics requires organisations and individuals across the FSI to serve the legitimate interest of their customers and clients in an open and transparent manner, with the highest standards of professional and ethical behaviour, whilst upholding and promoting the interest of the industry as a whole for the benefit of society and the environment.
  3. The FSI is interconnected, complex and increasingly globalised. Maintaining and strengthening a strong culture of professionalism and ethics that is anchored in a set of core ethical principles that apply across the industry will contribute towards stronger financial consumer protection and a more resilient financial system, thereby helping to secure the credibility and sustainability of the industry and through that, enhance the overall reputation of and reinforce public trust in the industry. This can be achieved through the universal adoption of an internationally acceptable code of ethics by organisations and individuals across the FSI and by organisations across the industry having an effective implementation system in place to enforce it.
  4. This Code sets out the core ethical principles to which organisations and individuals across the FSI should adhere, both in letter and in spirit, and on which they can rely for guidance in decision-making and their conduct.
  5. This Code applies to organisations, including institutions, and individuals across the FSI. The industry comprises a wide spectrum of sectors, including banking, insurance, capital markets and Islamic finance, and serves a diverse range of customers and clients, including individuals, families, businesses, governments and civic organisations, who have varying degrees of sophistication in their financial literacy and skills.
  6. This Code has been developed by the Financial Services Professional Board (“FSPB”) through a working group comprising leaders in the industry as well as subject matter experts and in consultation with industry participants. It does not replace any relevant laws and regulations. Instead, this Code complements a formal system of regulation and contributes towards public oversight of the FSI through a publicly available, voluntary, principles-based code of ethics developed “by the industry, for the industry, in the public interest.”