Code of conduct and practice for registered persons
24Code of conduct and practice
(1)The Welsh Ministers must prepare and publish a code specifying the standards of professional conduct and practice expected of registered persons.
(2)The code may provide for different standards for different categories of registered person.
(3)In preparing the code, the Welsh Ministers must consult such persons and bodies as they consider likely to have an interest in the code.
(4)The Council must review the code and make such revisions to it as it considers appropriate—
(a)within 3 years of each date of its publication (under subsection (1) or (5)), and
(b)when a new category of registration is added.
(5)After each review under subsection (4), the Council must publish the code in a manner which the Council considers likely to bring it to the attention of registered persons and anyone else who it considers may have an interest in the code.
(6)In exercising its functions under subsection (4), the Council must consult such persons and bodies as it considers likely to have an interest in the code.
25Code of conduct and practice: further provision
(1)The Welsh Ministers may by regulations make provision about and in connection with the code described in section 24.
(2)Regulations under this section may, in particular, make provision about—
(a)the form and content of the code, and
(b)the consequences of any failure by a registered person to comply with the code, which may include disciplinary proceedings under section 26.