The law about insider conduct does not apply to the Reserve Bank when it trades financial products that the Reserve Bank or the Crown issues. You can find more information about this in section 241. This means the Reserve Bank can trade these products without worrying about the rules in section 241.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091349.
255: Exception for redemption of managed investment products, or
"Some investment rules don't apply when you sell back your investment at its true value."
257: Absence of knowledge of trading, or
"It's not an offence if you didn't know you were trading financial products and couldn't be expected to know."
Section 241 does not apply to trading by the Reserve Bank in financial products issued by the Reserve Bank or by the Crown.
