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11 October 2008

IWG agreement on Generally Accepted Principles and Practices for Sovereign Wealth Funds


The Santiago Principles are composed of 24 principles that reflect the over-arching objectives for sovereign wealth funds.

The Santiago Principles are composed of 24 principles that reflect the over-arching objectives for sovereign wealth funds. The generally accepted principles and practices (GAPP) is underpinned by the following guiding objectives for SWFs:

 

  • To help maintain a stable global financial system and free flow of capital and investment;
  • To comply with all applicable regulatory and disclosure requirements in the countries in which they invest;
  • To invest on the basis of economic and financial risk and return-related considerations; and
  • To have in place a transparent and sound governance structure that provides for adequate operational controls, risk management, and accountability.

 

 

Press briefing

Sovereign Wealth Funds - Santiago Principles

Principles - summary

Statement European Commission

Full statement Kimmitt

 



© IWG - International Working Group of Sovereign Wealth Funds

Documents associated with this article

Sovereign Wealth Funds - Santiago Principles.pdf


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