Regulations and Policies

The guiding principle of Bison Bank’s activity is the defence of its integrity and reputation, complying strictly with legislation and regulations and with the ethical standards applicable in the markets in which it operates.

Putting this commitment into practice requires the implementation of a strong corporate culture at all levels of the organisation, together with the establishment and continual updating of a whole set of policies, procedures, codes of conduct and internal controls.

Bison Bank, S.A., in compliance with the current legal requirements on matters of conflicts of interest and the ethical principles and codes of conduct governing its activity, is bound to strict principles and procedures concerning conflicts of interest. The policy, combined with its annexes, which embody the policy and are an integral part thereof, aims to substantiate the measures and procedures endorsed to identify, prevent, manage and/or disclose any possible Conflicts of Interest in the provision of the different services rendered by the Bank.

More specifically, the Policy seeks to:

• Define rules and procedures to identify, prevent, manage and/or disclose Conflicts of Interest;
• Ensure compliance with the legal and regulatory rules in force with respect to the prevention and management of Conflicts of Interest;
• Strengthen the level of knowledge and awareness of Relevant Persons and Employees on topics of Conflict of Interest; and
• Promote the fair handling, in conformity with the legal and regulatory requirements, of situations of Conflicts of Interest that may occur.

This Policy also took into consideration the dimension, organisation, nature and complexity of the activities and services provided by the Bank, as well as all the situations that could lead to Conflicts of Interest as a consequence of the structure and commercial activities of the Controlled Entities and other companies that are part of the economic and financial group in which the Bank is incorporated. Under the terms and for the purposes of the Policy, the definitions listed in Annex I of this Policy are applicable. The provisions established in the Policy do not hinder the application of the provisions stipulated in the Policy on Selection and Assessment of the Suitability of Management and Supervisory Body Members and Key Function Holders of Bison Bank S.A. on matters of Conflict of Interest.

Bison Bank, S.A. (“Bank”), in compliance with the legal regulations in force regarding conflicts of interest with Related Parties and the demanding ethical and professional principles governing its activities, adheres to strict principles and procedures concerning conflicts of interest. This policy aims to:

• establish the procedures to ensure that Bison Bank maintains a complete and up-to-date list of its related parties at all times;
• define the internal rules and responsibilities for identifying transactions proposed or planned by the Bank that fall within the category of transactions with related parties;
• establish the internal procedures and respective responsibilities for the analysis and prior approval of transactions with related parties;
• outline the rules for disseminating this policy to the Bank’s employees.

Pursuant to the USA Patriot Act requirements of the US Department of Treasury, a US bank or a US broker-dealer in securities (a covered Financial Institution) is required to obtain specific information from any “Foreign Bank” with which it holds a corresponding relationship.

Bison Bank, S.A. is pleased to include its USA Patriot Act Certification on this site to be used by any Financial Institution that may require it.