Code of Conduct

The importance of the tasks of the HFSF and its pivotal role in the banking system, call for strict loyalty, confidentiality for HFSF personnel as well as ample safeguards of independence. For these reasons, the HFSF having regard to the provisions of the establishing Law 3864/2010 (the “HFSF Law”) and considering that the importance of their duties calls for the adoption of the highest standard of ethical conduct, has adopted a Code of Conduct, which provides guidance to and sets ethical conventions, standards and benchmarks. In addition, the Fund has a number of policies that set the precise and clear framework that the Fund’s personnel are required to adopt in order to function smoothly and unwaveringly and to maintain its reputation for integrity and impartiality.

The HFSF has also introduced a whistle blowing procedure to enable all HFSF personnel to report their concerns in regard to information on any wrongdoing obtained in a work-related context they may encounter, according to the HFSF’s Code of Conduct. The whistle blowing is a preventive mechanism implemented in order to enhance the internal control system and mitigate the risk of a legal, administrative or disciplinary sanction, a significant financial loss or damage to HFSF’s reputation as a result of failure to respect provisions of Laws/regulations and/or internal HFSF policies.