Market Conduct

This policy applies to all employees, directors and officers, as well as contractors under PetroUSA’s direct supervision, working for a TradEx or FuelBank office or industrial asset directly or indirectly controlled or operated by PetroUSA worldwide. We assert our influence over joint ventures we don’t control or operate to encourage them to act in a manner consistent with the intent of this policy.

This policy is particularly relevant to traders, and anyone engaged in market-facing activities such as trade negotiation, trade execution or participation in a benchmark. Non-traders in a position to observe marketfacing activities also play an important role in recognizing market conduct risks and escalating red flags.

Our Commitment

Market conduct rules and regulations are designed to safeguard the trust in, and integrity of, both financial and related physical markets and thus promote efficient and transparent markets. PetroUSA operates in different jurisdictions and trades on both regulated markets and over the counter (OTC), in both biofuels and physical fuels. We are exposed to market conduct rules and regulations, and trading venue rules in a number of different countries, depending on where we are based and/or the markets on which we are trading. Failure to comply with market conduct laws and regulations may undermine our reputation and lead to investigations, fines and/or other criminal or civil penalties for the company and/ or individuals. This Market Conduct Policy sets out PetroUSA‘s approach to market conduct to which we must adhere.