The Central Bank of Chile announced on April 18 that its board of directors had adopted a new code of conduct for its members.

In its press release, the central bank said that the code imposes obligations beyond those imposed by existing law. It integrates “formalises and perfects” existing internal procedures, “following the best international precedents in this field”.

The new code includes provisions for trading blackouts, which correspond to the “period of silence” – a communications