Deutsche Bank requires all of its employees to read and follow the letter and spirit of this Code. Failure to
comply with any provision of this Code is a serious violation and may result in disciplinary action, up to and
including termination of employment.
Employees are required to report promptly any concerns or possible violations of laws, rules, regulations, our
policies (which can be obtained from the intranet or local supervisors) or this Code to their supervisors, other
representatives of management, Compliance, Corporate Security & Business Continuity, Employee
Relations, Group Audit, Human Resources, Legal, Global Corporate Governance or the Employee Hotline.
Information on the Employee Hotline can be obtained from the intranet or your local Compliance Officer.
Reports can be made anonymously (when permissible under local law), but reports should provide enough
information to allow Deutsche Bank to investigate the matter properly. In addition, Deutsche Bank policy
prohibits retaliation against any employee for reporting, when based on a reasonable belief that a suspected
violation has occurred, is ongoing or is likely to occur.
Compliance with this Code is not a guarantee of continued or indefinite employment. The Code does not
create a contract, does not alter the terms and conditions of an employee’s employment with Deutsche Bank
and may be changed at any time, without notice, by Deutsche Bank.
If you have any questions or concerns about a potential course of action, you should check with the relevant
policy and/or escalate your concerns to your supervisor and/or to Compliance or Legal.