Code of Conduct
Code of Conduct
The Charter’s Code of Conduct defines the principles of professional behaviour expected from Chartered Professionals working in EU wholesale energy markets.
These principles promote responsible market participation and help maintain the integrity and credibility of the markets.
Integrity
Chartered Professionals must act with honesty and integrity in all professional activities.
They should avoid behaviour that could undermine confidence in wholesale energy markets and must not engage in market manipulation, insider trading, or other forms of market abuse.
Integrity forms the foundation of responsible participation in wholesale energy markets.
Professional competence
Professionals must maintain the knowledge and skills necessary to perform their role responsibly.
This includes understanding:
- How the supply chain works
- How wholesale energy markets function
- The regulatory framework governing the markets
- The risks associated with trading and market participation, operation, and facilitation
Chartered Professionals maintain competency through continuous professional development (CPD).
Responsible market participation
Professionals should contribute to fair and orderly markets.
This includes:
- Conducting trading activities responsibly
- Respecting market rules and regulations
- Avoiding behaviour undermining transparency
- Avoiding actions that could distort markets or pricing
Responsible behaviour supports the stability and credibility of wholesale energy markets.
Compliance with regulation
Chartered Professionals must comply with applicable laws and regulations governing wholesale energy markets.
They should remain aware of rulebook updates or regulatory developments and ensure that their activities align with the legal framework under which the markets operate.
Compliance is essential to maintain trust in markets.
Professional accountability
Professionals registered under the Charter are accountable for their conduct.
Failure to comply with the Charter’s principles may lead to disciplinary measures, including suspension or removal from the registry.
Maintaining high professional standards protects the credibility of the Charter and the broader market.
Frequently Asked Questions
What is the purpose of the Charter’s Code of Conduct?
The Code of Conduct defines the standards of professional behaviour expected from Chartered Professionals. It promotes integrity, professionalism and responsible market participation, helping to strengthen trust and transparency in EU wholesale energy markets.
Who must abide to the Code of Conduct?
A professional registered under the Charter is required to comply with the Code of Conduct. The status ‘Chartered Professional’ formally commits a person to adhere to the related principles when acting at work.
What types of behaviour does the Code of Conduct address?
The Code of Conduct addresses key principles such as integrity, professional competency, responsible market participation and compliance with applicable laws and regulations. It also emphasises the importance of avoiding market abuse and maintaining ethical standards in market-related activities.
What happens if the Code of Conduct is violated?
Failure to comply with the Code of Conduct may lead to disciplinary measures under the Charter framework. Depending on the circumstances, this may include suspension or removal from the Charter registry, ensuring that the standards of the Charter are maintained.