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With a view to heightening vigilance, a specif ic

system for raising awareness of compliance with

the Code of Conduct and Insider Code is deployed

on a half-yearly basis among employees occupying

“sensitive” functions, designated as permanent

or occasional insiders within the meaning of the

regulatory requirements of the Moroccan Capital

Market Authority (AMMC).

The Insider Code, an addendum to the Code

of Conduct, details the Group's self-imposed

rules of conduct for f inancial transactions on

the market and operations involving Attijariwafa

bank shares, targeting employees in this type

of position, identif ied as “Insiders”. This Code

def ines the provisions to which the employees

concerned are subject by virtue of their positions

and responsibilities within the Group, including

security measures to prevent any unauthorized

communication of conf idential insider information,

in line with current regulations.

The international dimension of the Attijariwafa

bank Group requires strict management of

reputational and brand-image risks, as well as

large-scale control of risks of all kinds, both in

Morocco and in the countries where the Group

operates.

The year 2024 was also marked by the

transposition of the S.M.A-C system to the

subsidiaries, thus consolidating a uniform ethical

culture throughout the Group. Building on the

experience and feedback of the parent company,

the subsidiaries are falling in line with a proactive

approach to risk prevention and the harmonization

of practices, taking into account local and

regulatory specif icities as part of the transposition

of the Group system.

The Group actively participates in initiatives and meetings organized by regulators

and other specialized bodies, contributing to discussions and advances in business

ethics and the f ight against corruption. This involvement goes hand in hand with

constant advocacy for the adoption and reinforcement of best practices.

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