Chapter 22:20 Sovereign Wealth Fund of Zimbabwe Act 10/2013 (b) an code of conduct and ethics for employees of the Board; (c) prudential and ethical investment principles to guide the Board, employees of the Board and investment managers when identifying appropriate domestic and foreign assets for the Fund to invest in. 31 Amendment of Cap. 24:20 Section 3 (“Application of Act”) (3) of the Banking Act [Chapter 24:20] is amended by the insertion of the following paragraph after paragraph (e) — “(f) the Small and Medium Enterprises Development Corporation (“SMEDCO”) established by section 3 Small Enterprises Development Corporation Act [Chapter 24:12].” 32 Amendment of Cap. 22:15 The Reserve Bank Act [Chapter 22:15] is amended — (a) in section 7 (“Powers of Bank”)(1) — (i) by the insertion of the following paragraph after paragraph (i) — “(j) open credits and issue guarantees;”; (ii) by the repeal of the proviso to paragraph (n); (b) in section 14 (“Governor and Deputy Governors”)(3) by the repeal of paragraph (b) and the substitution of — “(b) a vacancy in the office of the Governor, his or her functions shall be performed by the Deputy Governor or, as the case may be, a Deputy Governor appointed by the Minister with the approval of the President; FIRST SCHEDULE (Section 6 (7)) PROVISIONS RELATING TO MEMBERS OF BOARD, AND TO PROCEDURE AND STAFF OF BOARD ARRANGEMENT OF PARAGRAPHS PART I BOARD OF DIRECTORS Paragraph 1. Appointment of members. 2. Disqualifications for appointment as member. 3. Vacation of office by member. 4. Suspension of member. 5. Filling of vacancies on Board. 6. Power of Chairperson in cases of urgency. 7. Terms of office and conditions of service of members. 15