Code of Conduct. The manufacturers will sell only to authorized dealers and distributors and allow their authorized distributors to sell only to authorized dealers. Authorized dealers and distributors will agree to a code of conduct. If manufacturers receive notice of a violation by an authorized dealer or distributor, they will take action against the dealer or distributor, including termination of sales to the dealer or distributor. The Oversight Commission will review such actions and have authority to require termination or suspension if warranted.

The code of conduct will require authorized dealers and distributors to:

Gun shows: make no gun show sales unless all sales at the gun show are completed only after a background check.
Brady checks: wait as long as necessary for a completed Brady check showing that the purchaser is not a felon or otherwise prohibited before selling a gun to the purchaser.
Safety training for purchasers: transfer firearms only to individuals who have passed certified safety course or exam and demonstrate to purchasers how to use all safety devices and how to load, unload, and safely store the firearm before completing the sale.
Multiple handgun sales: all purchasers of multiple handguns to take only one handgun from the store on the day of sale, at which point a multiple sales report will be filed with ATF. The remainder of the guns can only be collected after 14 days.
Employee training: require all employees to attend ATF-approved training and to pass a exam on firearms laws, straw purchasers, illegal trafficking indicators, and gun safety.
Insurance: carry liability insurance where available, with a minimum coverage of $1 million for each incident.
Inventory control: maintain an electronic inventory tracking plan within 24 months
Security: Implement a security plan for securing firearms.
Child access: require persons under 18 to be accompanied by adults in gun stores or gun sections of stores.
Weapons attractive to criminals: not sell large capacity magazines or semiautomatic assault weapons.
Compliance: provide law enforcement, government regulators, and the Oversight Commission established in this Agreement with access to documents necessary to determine compliance; cooperate fully in the Agreement's Oversight mechanism.
Crime gun traces: maintain an electronic record of all ATF trace requests and report trace requests to manufacturers.
Indicted dealers: forgo firearms sales to licensed dealers known to be under indictment.
Straw purchasers: not to make sales to straw purchasers.

• Manufacturer commitments. Manufacturers will:
  
• Provide quarterly sales data to ATF.
• Not market guns In any manner designed to appeal to juveniles or criminals.
• Refrain from selling any modified/sporterized semiautomatic pistol of type that cannot be imported into U.S.
• Reaffirm policy of not placing advertisements in vicinity of schools, high crime zones, and public housing.
• Implement a security plan for securing firearms.
  http://www.hud.gov/pressrel/gunagree.html

Massachusetts Association of Firearm Retailers