Code of good practice

Compliance with professional ethics is critical for the quality of customer service in the asset management industry. For this reason, the AFG has always placed special emphasis on this aspect of the business.

Back in 1990 the Ethics Commission drafted and published an initial code of good practice for investment funds, which applied to the entire industry. The AFG then drafted rules for management mandates and revised the rules for investment funds periodically to keep pace with changes in the industry and the growing diversity of products.

In June 1999, after analysing the specific issues for employee investment funds (FCPEs), the AFG drafted rules for the specific provisions applying to FCPE management companies, including, where appropriate, with regard to their activities as individual custodians (or "custody-account keepers"). These provisions supplement the code of good practice for investment funds. The provisions, approved by the market regulator, apply to all FCPE management companies.

Consult the Code of good practice.