This Technical Note explores the variety of reasons why and how microfinance associations may choose to adopt and promote self-regulation through a code of ethics or code of conduct. In this Note, three case examples are presented that illustrate three diff erent approaches to this task:

1. Adopting self-regulation as a response to crisis, the case of the MFIN Code of Conduct in India;
2. Proactively managing political risk through a voluntary Code of Conduct, the case of PMN in Pakistan; and
3. Industry building through a Code of Ethics, the case of ProDesarrollo in Mexico.

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