Regulations about the relationship to other credit institutions and companies for the members of the Executive Board of the Philippine Banks Date-2000-08-07-809 Ministry Ministry of finance published in the 2000 1818 entry into force 01.10.2000 last edited by-2015-10-02-1144 from 01.01.2016 change the FOR-1985-10-25-3929 applies to Norway Pursuant LAW-1985-05-24-28-section 6, FOR-1985-06-21-1180 Announced short title Forskr. about the impartiality of the Norwegian Bank's Executive Board Chapter overview: Chapter 1. The central bank chief and Deputy executives (§ § 1-5) Chapter 2. The remaining hovedstyremedlemmer (§ § 6-9), Chapter 3. Common rules (§ § 10-12) Authority: set by the Ministry of finance 7. August 2000 under the legal authority of the law of 24. in May 1985, no. 28 of Norway's banking and monetary system (Central Bank Act) section 6, sixth paragraph, cf.. the delegation decision of 21. June 1985 No.. 1180. changes: modified by regulations 21 des 2001 No. 1554, June 29, 2007 # 876, 2 Oct 2015 Nr. 1144. Chapter 1. The central bank chief and Deputy executives section 1. Enterprise limitations the Governor and deputy commanders can not drive business activity. In the particular case of the Ministry of finance can give consent for participation in such activities.
Nor can they be paid or have salaried mission or possessing tasks in control or supervisory bodies of financial institutions, investment firms, management company for mutual funds, private pension funds, private pension funds or entities that carry on a trade. This does not apply for the international currency Fund.

§ 2. Interest limits the Governor and deputy commanders can not as shareholders, owners of shares or through extensive ongoing customer relationships have a prominent interest in financial institutions, investment firms, management company for mutual funds or companies.

§ 3. Own-account trading Central bank chief and Deputy executives can not acquire Norwegian or foreign financial instruments at their own expense, unless otherwise provided by the rules below.
The ban in the first paragraph does not preclude that the Governor and Deputy managers acquire financial instruments by inheritance or change.
If the Ministry of Finance has given prior written consent in each case, the ban in the first paragraph also does not preclude the Governor and Deputy managers acquire: 1. shares of the mutual fund that business may have on the time a broad portfolio.

2. the Norwegian securities, jf. the securities trading Act section 2-2 second paragraph, with the exception of securities which are a) issued by the following companies: in) financial institution, investment firm or management company for mutual funds ii) business relation of Norges Bank investment management or market operation Department in Norges Bank iii) company that is providing of consulting to enterprises covered by the letter a and b.

b) listed on the foreign exchange or otherwise traded on the regulated market in countries where the State's Petroleum Fund also invests.

The central bank chief and Deputy executives cannot finance the acquisition of financial instruments with the loans concerned with security in their own financial instruments. Nor can they sell financial instruments as they do not own or borrow financial instruments.
The central bank chief and Deputy executives can not by own-account trading, or let them assist companies, business relation of Norges Bank investment management or market operation Department in Norges Bank or seeking to be. Financial instruments that are acquired in accordance with this section, may not be disposed of until it's been at least twelve months after acquired.
The provisions of this section also applies to trade made by the Governor or deputy commanders for the account of close associates. With close associates is meant the same as in the securities trading Act section 2-5 No. 1, 2 and 4.

§ 4. Special insider rules the Governor and Deputy managers cannot buy or dispose of the interest rate and currency products when they have information about the circumstances that can affect the course conditions, unless this information is publicly available. The rule also applies to the creation and redemption of interest rate products such as deposits and loans. This provision applies as supplemental rule to the provisions of the securities trading law of insider trading.
The provision of this section also applies to trade made by the Governor or deputy commanders for the account of close associates.

§ 5. Disclosure Central bank chief and Deputy executives to notify the Ministry of finance in writing if they have stock or owns the records of any size in the financial institutions, investment firms, management company for mutual funds or companies, and they should at the same time educate people about any greater security or loan conditions in private financial institutions. They shall also notify the Ministry of finance unsolicited about major changes in such conditions.

Chapter 2. The other hovedstyremedlemmer § 6. The enterprise the other restrictions cannot be hovedstyremedlemmer paid by or have salaried mission or possessing tasks in control or supervisory bodies of financial institutions, investment firm or management company for mutual funds.
Nor can they be paid or have salaried mission or tasks in companies that have a prominent interest in such company.

section 7. Interested the other restrictions cannot be hovedstyremedlemmer as shareholders, owners of shares or through extensive ongoing customer relationships have a prominent interest in financial institutions, investment firm or management company for mutual funds.

section 8. Special insider rules the other hovedstyremedlemmene can not buy or dispose of the interest rate and currency products when they have information about the circumstances that can affect the course conditions, unless this information is publicly available. The rule also applies to the creation and redemption of interest rate products such as deposits and loans. This provision applies as supplemental rule to the provisions of the securities trading law of insider trading.
The provision of this section also applies to trade made by hovedstyremedlem for the account of close associates. With close associates is meant the same as in the securities trading Act section 2-5 No. 1, 2 and 4.

§ 9. Deputies Policies in section 6 to section 8 applies to deputies to the Executive Board.

Chapter 3. Common rules § 10. Habilitets rules the General rules habilitets in the law 10. February 1967 on management matters apply to the Executive proceedings.

section 11. Exemption the Treasury Department can, when it can find the ubetenkelig, make exceptions from the rules in § § 1 to 9.

§ 12. Entry into force, the repeal of the previous regulations these regulations will take effect 1. October 2000. At the same time repealed regulation 25. October 1985 No. 3929 about the relationship to other credit institutions and companies for members of Philippine Banks Executive Board.