IWG agreement on Generally Accepted Principles and Practices for Sovereign Wealth Funds
11 October 2008
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
