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 energy markets.

Professional competence

Professionals must maintain the knowledge and skills necessary to perform their role responsibly.

This includes understanding:

  • how wholesale energy markets function
  • the regulatory framework governing the markets
  • the risks associated with trading and market participation

Chartered Professionals maintain competence through ongoing professional development.

Responsible market participation

Professionals should contribute to fair and orderly markets.

This includes:

  • conducting trading activities responsibly
  • respecting market rules and regulations
  • avoiding actions that could distort market prices or transparency

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 regulatory developments and ensure that their activities align with the legal framework under which the markets operate.

Compliance is essential to maintaining trust in market participants.

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 working in EU wholesale energy markets. It promotes integrity, professionalism and responsible market participation, helping to strengthen trust and transparency in the markets.
Who must follow the Code of Conduct?
All professionals registered under the Charter are required to follow the Code of Conduct. By becoming a Chartered Professional, individuals formally commit to adhering to these principles in their professional activities within the wholesale energy markets.
What types of behaviour does the Code of Conduct address?
The Code of Conduct addresses key principles such as integrity, professional competence, 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.
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