Conduct & Discipline Committee

Purpose

New asset classes and technologies are transforming the global monetary system. The Global DCA Conduct and Discipline Committee is chartered to develop the standards and the clarity needed for industry development and growth. It also oversees the enforcement of such standards through the administration of a dispute resolution forum. In its initial form, the Committee will emphasize the education of its members to ensure their alignment with Global DCA rules and requirements. Over time, the Committee will evolve to embody the relevant elements of the IOSCO Model for Self-Regulation as well as IOSCO Principle 9 –Relating to Self-Regulation to embrace enforcement and instill confidence in the digital asset and cryptocurrency market.

Responsibilities

The Conduct and Discipline Committee is responsible for developing and operating a system for conduct and discipline which:

  • Establishes a Code of Conduct, Arbitration Rules, and/or other rules of eligibility that must be satisfied in order for individuals and firms to participate as Affiliate or Full Members in the Global DCA.
  • Collaborates with the Membership Committee to ensure members are aware of, and their systems and processes align with, Global DCA rules and requirements.
  • Emphasizes knowledge and capacity building of member firms in the digital asset and cryptocurrency industry in-line with Global DCA Code of Conduct, Arbitration Rules, Anti-Trust Policy and other emerging rules and guidelines.
  • Coordinates with the Education and Certification Committee to ensure proper inclusion of Global DCA Code of Conduct, Arbitration Rules, Anti-Trust Policy and other emerging rules and guidelines in Global DCA education, training, and certification programs.
  • Maintains disciplinary rules and processes (i.e., through a system of commercial arbitration or otherwise), which would enable the Global DCA to impose appropriate sanctions for non-compliance of its rules.
  • Operates transparently to promote integrity in the digital asset and cryptocurrency market.
  • Functions in an independent and unbiased manner to undertake fair and impartial proceedings.
  • Communicates key findings and results of disciplinary (i.e., arbitration) proceedings to members, key counterparts and the public as appropriate.