Code of Conduct and Ethics of UBS

The Code defines the way UBS does business.

It sets out the principles and practices that define our ethical standards.
It applies to everything and everyone at UBS.
It underscores the critical importance of responsible behavior.
It covers our dealings with stakeholders, clients, counterparties, shareholders, regulators and business partners - and each other.
It is the basis for all our policies, guidelines and procedures.
It and all related internal and external policies and rules must be complied with.