INDI 2.1.6 Guidance

1 The principles are drawn up in accordance with FSR, article 15 (3), and are part of these rules.
2 The principles are a general statement of the standards expected of individuals who perform controlled functions or the customer-facing function for authorised firms. They apply directly to the conduct of firms' business by such individuals.
3 The principles are not exhaustive of the standards expected. Complying with the principles does not absolve an individual from failing to observe other requirements in these rules, and observing other requirements in these rules is not necessarily complying with the principles.
4 An individual's failure to comply adequately with the principles is likely to affect the Regulatory Authority's assessment of his or her fitness and propriety. A breach of the principles could form the basis of action by the authority.
Derived from QFCRA RM/2014-5 (as from 1st January 2015)