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Reserve Bank of New Zealand Act 2021

Reserve Bank of New Zealand - Monetary policy committee - Code of conduct

106: Code of conduct

You could also call this:

"Rules for Bank Leaders' Behaviour"

Illustration for Reserve Bank of New Zealand Act 2021

You need to know about a code of conduct for the members of the MPC. The board must approve this code. The board ensures a code is always in force. The code can be changed or replaced at any time if the board approves it. The board only approves changes if the code still covers the matters in section 107. This keeps the code up to date. The code starts on the date the board approves it or a later date the board chooses. This means the board decides when the code begins.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS287140.

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"Rules for good behaviour on the Monetary Policy Committee"

Part 2Reserve Bank of New Zealand
Monetary policy committee: Code of conduct

106Code of conduct

  1. A code of conduct for the members of the MPC must be approved by the board.

  2. The board must ensure that a code is in force at all times.

  3. The code may be amended or replaced at any time with the approval of the board, but the board may give its approval only if it is satisfied that the code (as amended or replaced) adequately addresses the matters in section 107.

  4. The code (or the code as amended or replaced) comes into force on—

  5. the date on which the board gives its approval; or
    1. a later date specified by the board in the resolution that gives its approval.

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