South Africas financial services industry has collaborated to launch the draft market surveillance code of conduct to build trust and confidence in the countrys financial markets .
Over 13 companies including some of the countrys big banks, collaborated in developing the code of conduct.
The market surveillance code of conduct will address market abuse and anti-competitive practices in the financial sector.
Financial market operators say the market surveillance code of conduct demonstrates the sectors commitment to ethical practices by all exchange members.
The final draft of the market surveillance has been shared with the Financial Sector Conduct Authority (FSCA), the stock exchange, Bloomberg and other financial service participants.
