Every organisation has to deal with integrity risks, including the AFM. As the conduct regulator of the financial markets, the AFM has an important exemplary role with regard to ethical behaviour.
In order to promote ethical conduct within its own organisation, the AFM has formulated an integrity policy to provide support for the daily activities and processes within the AFM. Integrity training courses are provided, the organisation has a contact point for all integrity issues (the Compliance & Integrity Department), a Confidential Adviser has been appointed and an Integrity Committee has been formed.
To avoid a situation in which the integrity rules are applied and interpreted according to individual opinion, the ‘four-eyes’ principle is consistently embedded throughout the organisation in all elements of the supervisory and operating processes. The AFM moreover has an open culture which allows for the discussion of ethical dilemmas.
The AFM’s integrity rules include the following: