Cold-shouldering definition

A sanction issued by the hearings committee under Section 11(b)(v) of the Introduction to the Code for breach of the Code or for breach of a ruling of the executive, indicating that the offender is someone who, in the Hearings Committee’s opinion, is not likely to comply with the Code. The rules of the FCA and certain professional bodies oblige their members, in certain circumstances, not to act, or continue to act, for a person on a Code transaction if the firm has reasonable grounds for believing that the person in question, or its principal, is not complying or is not likely to comply with the Code.