Item 5.05. Amendments to the Registrant's Code of Ethics, or Waiver of a Provision of the Code of Ethics

(a) This report discloses an administrative amendment to Section III of the Code of Business Conduct and Ethics (the "Code") of Steiner Leisure Limited (the "Company"), approved and adopted by the Board of Directors of the Company at its meeting of November 7, 2008. The amendment, applicable to each director, officer or employee who is involved in the Company's disclosure process, formalizes an existing procedural step for reviewing financial disclosure by adding the requirement that all such Company personnel must: "present for approval significant decisions with respect to financial disclosure to the Audit Committee of the Board of Directors prior to making such financial disclosure."

The foregoing description of the amendment to the Code is qualified in its entirety by reference to the amended Code, a complete copy of which is filed as Exhibit 14.1 to this Form 8-K, and which is incorporated herein by reference. The amended Code is also available on the Company's website at www.steinerleisure.com on the Corporate Governance page in the Investor Relations section.