OECD Codes of Liberalisation of Capital Movements and of Current Invisible Operations

Code of Liberalisation of Capital Movements

Text of OECD Code of Liberalisation of Capital Movements

English - Français (coming soon)

Overview brochure - 汉语

The benefits of joining the Code

Governance arrangements for joining the Code

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Review of the Code of Liberalisation of Capital Movements

The review of the Code launched in 2016 has now been completed. The Review has made the instrument both stronger - with more effective governance, transparency, and decisionmaking – as well as more adapted to current requirements of capital flow management, notably in light of new financial stability challenges.

Code of Liberalisation of Current Invisible Operations

OECD Code of Liberalisation of Capital Movements

English - Français (coming soon)

Conditions for establishment of subsidiaries and branches in the provision of banking services by non-resident institutions

User's guide

OECD Codes of Liberalisation of Capital Movements and Current Invisible Operations: Users' Guide

English - Français (coming soon)

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Contributions to the G20

‌‌The G20 is discussing ways to help countries make the most of capital flows. The OECD’s Code of Liberalisation of Capital Movements is an important contribution to this debate.

February 2016 Co-operation on approaches to macro-prudential and capital flow management measures: Update by the IMF and the OECD

September 2015 OECD/IMF update on co-operation on approaches to macro-prudential and capital flow management measures

April 2015 The OECD's approach to capital flow management measures used with a macro-prudential intent

June 2011 International capital flows: Structural reforms and experience with the OECD Code of Liberalisation of Capital Movements

Advisory Task Force

Created in 2012, the Advisory Task Force (ATFC) meets regularly to address questions relating to the heightened international co-operation and policy dialogue that the Codes are generating.

The ATFC examines specific measures by individual adherents with relevance to their obligations under the Codes. It assists in assessing the positions of non-OECD countries applying for adherence to the Codes. It consults with interested non-OECD countries on adherence to the Codes and other matters relating to the Codes.

The ATFC is composed of governmental experts from OECD countries, non-OECD G20 and FSB Members, other non-OECD countries, as well as experts from relevant international organisations such as the IMF and the BIS.