Definitions for "Chinese Walls"
Physical/procedural barriers erected to prevent the flow of information within a firm, e.g. corporate finance and investment management. Under SFA rules it is not obligatory to establish Chinese Walls.
Taken to mean organisational barriers between different operations in the same organisation to avoid conflicts of interest, e.g. a professional firm advising two competitors in the same market place.
Procedures enforced within firms to restrict access to certain information and so avoid any awkward conflicts of interest.