In landen waar de overheid sterker bij de regulering betrokken is wordt minder beroep gedaan op gedragscodes, doch worden deze en analoge materies bestreken door de aanbeve 1 ingsaktie van deze overheidsorganen. ###>In countries where public agencies are more intensively involved in policing the securities business, less recourse is had to codes of conduct, but the same or similar subjects are dealt with in the recommendations of these agencies.