One of the main objectives of capital markets regulation around the world is to protect the integrity or fairness of the markets. This, together with protecting investors, improving the efficiency of markets, and protecting the markets from systemic risk, form the fundamental goals of capital markets regulation. However, what exactly is envisaged by this concept of market integrity or fairness? Are these simply norms of behaviour incapable of further definition? Despite their importance, relatively little attention has been given to these concepts in the literature. Do they, for example, require capital markets regulators to just work towards eliminating dishonest trading practices such as market manipulation and insider trading? Or should regulators be required to go further and ensure, for example, transparency of corporate information, transparency of price information, and equality of access to the markets? Objectives of the Programme: By the end of this course participants should be able to do the following: 1. Discuss the Financial Markets principle code and guidelines (Regulatory Structure and overview)2. Explain the conflict of interest and the policy under relevant provision of CMSA; and3. Discuss the Legislation and punishment for non-compliance Applicable to market participants in the wholesale financial markets, including: 1. Licensed banks2. Licensed investment banks3. Licensed Islamic banks4. Prescribed development financial institutions5. Licensed insurers6. Licensed takaful operators7. Approved money-brokers8. Operators of electronic trading or broking platform9. Corporations10. Investment institutions