guidelin european central bank septemb minimum standard european central bank nation central bank conduct monetari polici oper foreign exchang oper ecb foreign reserv manag ecb foreign reserv asset ecb ec govern council european central bank regard treati establish european commun indent articl regard articl articl statut european system central bank european central bank conjunct indent articl articl articl accord indent articl treati basic task carri escb definit implement monetari polici commun conduct foreign exchang oper consist provis articl treati hold manag offici foreign reserv member state european central bank ecb consid ecb nation central bank particip member state ncb appli minimum standard conduct monetari polici oper ii conduct foreign exchang oper ecb foreign reserv iii manag ecb foreign reserv asset extent ncb act agent ecb pursuant guidelin ecb februari manag foreign reserv asset european central bank nation central bank legal document oper involv foreign reserv asset european central bank amend guidelin ecb articl statut member govern bodi staff ecb ncb requir duti ceas disclos inform kind cover oblig profession secreci member govern council ecb agre memorandum understand similar matter govern council meet accord articl articl statut ecb guidelin form integr part commun law adopt guidelin articl minimum standard ecb ncb conduct monetari polici oper foreign exchang oper ecb foreign reserv manag ecb foreign reserv asset conduct activ oper relat monetari polici oper foreign exchang oper ecb foreign reserv manag ecb foreign reserv asset ecb ncb ensur intern rule relat oper manag code conduct personnel regul type intern rule compli minimum standard framework applic nation law labour market practic scope intern rule ecb ncb bind provis ensur complianc minimum standard ecb ncb activ oper relat monetari polici foreign exchang oper ecb foreign reserv manag ecb foreign reserv asset rule contain applic member execut board ecb exercis function member govern council member ncb decis make bodi member govern council ecb altern appoint accord articl rule procedur european central bank exercis function member govern council ecb employe involv activ oper relat monetari polici oper foreign exchang oper ecb foreign reserv manag ecb foreign reserv asset ncb employe involv activ oper relat monetari polici oper foreign exchang oper ecb foreign reserv manag ecb foreign reserv asset member execut board ecb ncb decis make bodi hereinaft collect refer quot decis make bodi quot ecb ncb employe hereinaft collect refer quot employe quot minimum standard intend exclud prejudic oper stringent provis laid ecb ncb intern rule appli employe decis make bodi minimum standard prejudic oper articl statut european system central bank european central bank manag supervis oper market counterparti control activ employe engag oper market counterparti respons respect manag authoris respons market oper support staff discharg duti set write avoid potenti conflict interest decis make bodi employe requir abstain parti econom financi transact hinder independ imparti decis make bodi employe avoid situat liabl give rise conflict interest prohibit insid trade ecb ncb decis make bodi employe conduct insid trade pass public confidenti inform obtain workplac parti decis make bodi employe public escb relat knowledg obtain workplac conduct privat financi transact insid trade defin activ person virtu employ profess duti access inform precis natur relev monetari polici oper foreign exchang oper ecb foreign reserv manag ecb foreign reserv asset public take advantag inform full knowledg fact acquir dispos account account parti directli indirectli asset includ transfer secur right includ right deriv contract inform close relat ecb ncb arrang place check financi transact enter decis make bodi employe conform rule arrang strictli limit complianc check kind transact relev monetari polici oper foreign exchang oper ecb foreign reserv manag ecb foreign reserv asset complianc check carri compel reason entertain gift decis make bodi employe solicit gift entertain parti conduct monetari polici oper foreign exchang oper ecb foreign reserv manag ecb foreign reserv asset decis make bodi employe accept gift entertain excess customari neglig amount financi financi hinder independ imparti employe requir inform manag attempt counterparti offer gift entertain articl amend guidelin ecb articl annex guidelin ecb repeal articl verif ncb forward detail text mean intend compli guidelin ecb octob latest extent context implement guidelin ecb articl final provis guidelin address ncb member state adopt singl currenc accord treati guidelin enter forc novemb guidelin publish offici journal european commun frankfurt main septemb behalf govern council ecb presid willem duisenberg oj oj oj oj