For half a century, the OECD Code of Liberalisation of Capital Movements has provided a balanced framework for capital account openness. This new edition of the Code presents the full text of the Code, setting out the rights and obligations of adhering countries. It also shows how far each of the 34 adhering countries is open to international capital movements, as of March 2011.
Tables des matières:
Preamble Part I. Undertakings with Regard to Capital Movements -Article 1. General undertakings -Article 2. Measures of liberalisation -Article 3. Public order and security -Article 4. Obligations in existing multilateral international agreements -Article 5. Controls and formalities -Article 6. Execution of transfers -Article 7. Clauses of derogation -Article 8. Right to benefit from measures of liberalisation -Article 9. Non-discrimination -Article 10. Exceptions to the principle of non-discrimination Part II. Procedure -Article 11. Notification and information from members -Article 12. Notification and examination of reservations lodged under article 2(b) -Article 13. Notification and examination of derogations made under article 7 -Article 14. Examination of derogations made under article 7: Members in process of economic development -Article 15. Special report and examination concerning derogations made under article 7 -Article 16. Reference to the Organisation - Internal arrangements -Article 17. Reference to the Organisation - Retention, introduction or reintroduction of restrictions Part III. Terms of Reference -Article 18. Investment Committee - General tasks -Article 19. Investment Committee - Special tasks Part IV. Miscellaneous -Article 20. Definitions -Article 21. Title of Decision -Article 22. Withdrawal Annex A. Liberalisation Lists of Capital Movements -List A -List B -Notes and references to Annex A Annex B. Reservations to the Code of Liberalisation of Capital Movements -Australia -Austria -Belgium -Canada -Chile -Czech Republic -Denmark -Estonia -Finland -Frnace -Germany -Greece -Hungary -Iceland -Ireland -Israel -Italy -Japan -Korea -Luxembourg -Mexico -Netherlands -New Zealand -Poland -Portugal -Slovak Republic -Slovenia -Spain -Sweden -Switzerland -Turkey -United Kingdom -United States Annex C. Decision of the Council Regarding the Application of the Provisions of the Code of Liberalisation of Capital Movements to Action Taken by the States of the United States Annex D. General List of International Capital Movements and Certain Related Operations Annex E. Decision of the Council Regarding Measures and Practices Concerning Reciprocity and/or Involving Discrimination among Investors Originating in Various OECD Member Countries in the Area of Inward Direct Investment and Establishment List of Council Acts included in the Present Edition of the Code Bibliography