Personal trading. A contractor employee: − may not at any time purchase, establish, sell, submit trading orders, redeem or refinance financial instruments, foreign exchange products or fixed rate products if the employee through his or her work for Norges Bank has – or has access to – information that is not publicly available relating to circumstances that may affect market prices − with access to inside information concerning the policy rate setting process or the process of preparing advice on the countercyclical capital buffer may not purchase, establish, sell, submit trading orders, redeem or refinance financial instruments, foreign exchange products or fixed rate products designated in NOK during the 21 calendar days immediately preceding the date of publication of the policy rate decision and the decision basis for the advice concerning the countercyclical capital buffer, or until the advice has been published − may nonetheless engage in the necessary exchange of currency in connection with travel or relocation across countries using different currencies − who through his or her work for Norges Bank may have access to confidential information concerning a financial institution is not permitted to acquire or dispose of Norwegian transferable securities (cf. definition in Chapter 2-4 (1) of the Securities Trading Act) that are issued by financial sector undertakings or derivatives of such securities. A contractor employee who in his or her work for Norges Bank: − manages portfolios or make transactions in financial instruments or otherwise takes decisions concerning financial instruments is not permitted to conduct transactions for their own account in the same financial instruments specified in the management mandate. − has – or has access to – information about Norges Bank’s decisions concerning trading in financial instruments is not permitted to make transactions for his or her own account in the same type of financial instrument until the information has been made publicly available − normally, in the performance of his or her duties, has insight into or whose work involves management of financial instruments or foreign currency for Norges Bank may not: o trade in derivatives or exchange-traded notes (ETNs). o use counterparties in personal trading that regularly and on a significant scale provide services for Norges Bank Central Banking Operations, unless trading takes place electronically and is based on standard terms and conditions − is in possession of inside...
Personal trading. The personal trading rules of NBIM will apply to Provider’s personnel who will be working from NBIM’s premises for a specified length of time or through their work with NBIM, have knowledge of, or are engaged in the management of financial instruments where the assignment is not of a sporadic nature. The NBIM Compliance department determines applicability of the personal trading rules to Provider’s personnel, informs the affected personnel of the relevant rules and procedures to follow, and provides the necessary reporting system and/or forms. Providers shall communicate to all employees and their own Sub-Contractors, their expectations for compliance with these personal trading rules, where identified as applicable.
Personal trading. MAM’s employees’ personal trading can create a COI because an employee could use confidential trading information for his or her own benefit. MAM controls this potential COI through a system of policies and procedures and by monitoring its employees’ trading accounts for any unauthorized activity.
