Guidelines and regulations
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Guidelines on monetary policy instruments
The National Bank Act only broadly outlines which transactions are at the SNB's disposal for performing the monetary policy tasks assigned to it. Further details are spelled out in the Guidelines on Monetary Policy Instruments adopted by the Governing Board. The Guidelines, which have been prepared as a corollary to the monetary policy concept already defined by the National Bank, describe the instruments and procedures used for implementing this policy. In particular, they specify the terms on which the National Bank concludes transactions and the procedures that are to be observed in such cases. Further, they specify the types of collateral that are eligible for monetary policy transactions involving the SNB.
These SNB guidelines are supplemented by SNB Instruction Sheets on the individual monetary-policy transactions. In addition, counterparties are bound by the Terms of Business and any specific contractual agreements they have entered into.
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Investment Policy Guidelines
The Investment Policy Guidelines of the Swiss National Bank define the scope of the SNB's investment activity. In addition to investment policy principles and details on the investment instruments, the Guidelines also lay down specifications for the investment and risk control process. They serve to inform the interested public and potential counterparties. The Terms of Business as well as any specific contractual agreements are binding on the SNB's counterparties.
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Organisation Regulations
The Organisation Regulations adopted by the Bank Council of the SNB and approved by the Federal Council lay down the National Bank's internal organisational structure: as an addendum to the Act, they define in particular the responsibilities of the Bank Council and of the Governing Board.
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Regulations of the Bank Council Committees
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Regulations on the recognition and representation of shareholders of the Swiss National Bank
These regulations govern the recognition and representation of shareholders of the Swiss National Bank.
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Regulations on the office-holder relationship and employment relationship of members of the Governing Board of the Swiss National Bank (SNB) and their deputies (Regulations on the Governing Board)
These regulations govern the office-holder relationship and employment relationship of members of the Governing Board and their deputies
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Regulations on the compensation of SNB supervisory and executive bodies (Compensation regulations)
These regulations govern the compensation of the Bank Council members and the salaries of the Governing Board members and their alternates in accordance with art. 42 para. 2 (j) of the National Bank Act (NBA).
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Regulations on private financial investments and financial transactions by members of SNB management
On 9 March 2012, the Bank Council of the SNB approved new regulations on private financial investments and financial transactions by members of SNB management. The regulations subject members of the Governing Board, their deputies as well as additional management personnel specified by the Bank Council to far-reaching restrictions when managing their financial assets.
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Regulations on the acceptance by members of the Enlarged Governing Board of gifts, invitations and third-party considerations
On 22 June 2012, the Bank Council of the SNB approved new regulations on the acceptance of gifts, invitations and third-party considerations by members of the Enlarged Governing Board.
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Directive on private financial investments and financial transactions by SNB staff
The Swiss National Bank has an internal directive which defines restrictions on private financial investments and financial transactions by SNB staff.
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Charter of the Swiss National Bank
The Swiss National Bank's values are expressed in the Charter.
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Code of Conduct for SNB staff
The Swiss National Bank has a code of conduct which lists the principal rules of conduct and provides references to other regulatory texts.
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Code of Conduct for members of the Bank Council of the Swiss National Bank
The Swiss National Bank has a code of conduct which lists the principal rules of conduct.
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Principles governing Procurement at the Swiss National Bank
The Swiss National Bank has principles governing procurement. They are intended to reduce procurement risks.