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AI Summary of 50. Standards of fitness and probity.
The Bank is poised to issue a code that delineates the standards of fitness and probity relevant to this regulatory framework. This initiative aims to enhance the integrity and professionalism expected within the sector.
As the market evolves, adherence to these emerging standards will be crucial for compliance professionals and legal practitioners alike. The code is anticipated to serve as a pivotal reference point, ensuring that industry participants meet the necessary ethical and competency thresholds.
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50. Standards of fitness and probity.
The Bank may issue a code setting out standards of fitness and probity for the purposes of this Part.