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The purpose of this paper is to establish broad supplementary principles in the area of compliance. Compliance is intrinsic to the operations of market intermediaries because they must have systems or processes in place to help ensure that they are complying with all applicable laws, codes of conduct and standards of good practice in order to protect investors and to reduce their risk of legal or regulatory sanctions, financial loss, or reputational damage. Principles are set in the areas: establishing a compliance function; the role of senior management and the governing authority; independence and ability to act; qualification of compliance personnel; assessment of the effectiveness of the compliance function; regulators’ supervision; cross-border compliance arrangements; outsourcing of the compliance function.