All principals / dealers and brokers shall maintain the highest standards of conduct so as to enhance the reputation of these markets.
Institutions must ensure that the individuals acting on their behalf are fully trained and completely aware of the rules and regulations, moral codes and other policies – including Insider trading – which is very important
For better clarity; lets have a look at the ‘Codes of Ethics published by ICAI for Chartered Accountants’:
http://www.cvc.nic.in/sites/default/files/codeethics_1.pdf