18. Administration and Monitoring of the Code
The DEMSA Code of Conduct is supervised and administered by the Code Administrator who is the General Secretary of DEMSA, appointed by the Board.
The Code Administrator shall:
- Satisfy himself that members’ trading practices and documentation comply with the Code.
- Handle any complaints and disciplinary matters in accordance with the Procedures set out.
- Report any breach of the Code to the member and recommend any remedial action
- Investigate any failure by a member to act upon any recommendation
- Report any failure by a member to act upon any recommendation to the Board
- Review the content of the Code on an annual basis in the light of reaction to the Code and changing circumstances due to statutory and practical considerations
- Provide an Annual Report on the operation of the Code and Procedures and ensure that this is circulated to interested parties including the OFT.
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