35.— (1) In performing functions under this or any other enactment as—

(a) a member of IFI or a committee of IFI,

(b) the chief executive or any other employee of IFI,

(c) a person engaged by IFI as a consultant or adviser, or

(d) an employee of a person referred to in paragraph (c),

a person shall maintain proper standards of integrity, conduct and concern for the public interest.

(2) Subsection (1) applies to an employee of a person referred to in subsection (1)(c) in respect only of duties of employment relating to the purposes for which IFI has engaged that person.

(3) For the purposes of subsection (1), IFI shall issue codes of conduct for the guidance of persons who are—

(a) members of a committee of IFI but are not members of IFI,

(b) employees of IFI other than employees to whom a code of conduct under section 10(3) of the Standards in Public Office Act 2001 applies,

(c) engaged by IFI as consultants or advisers, or

(d) employees of persons referred to in paragraph (c).

(4) A code of conduct issued under this section for the guidance of persons referred to in subsection (3) must indicate the standards of integrity and conduct to be maintained by them in performing their functions under this or any other enactment.

(5) A person to whom a code of conduct relates is required to have regard to and be guided by the code in performing their functions under this or any other enactment.

(6) The terms and conditions on which a person is employed by IFI or by a person referred to in subsection (1)(c) or on which a person is engaged by IFI as a consultant or adviser, as the case may be, are deemed to include any requirements that apply to that person under subsection (5).

(7) Subject to subsection (8), IFI shall as soon as practicable after issuing a code of conduct make the code available to the persons for whose guidance it was issued.

(8) A code of conduct for the guidance of employees of a person engaged by IFI as a consultant or adviser shall be issued by IFI to the employer and be made available by the employer to those employees.

(9) A document purporting to be a code of conduct issued under this section is, in the absence of evidence to the contrary, to be taken to be such code and is admissible in any proceedings before a court or other tribunal.

(10) Any provision of such code that appears to the court or other tribunal to be relevant to a question in the proceedings may be taken into account by it in determining the question.