| Subject Area | Financial Regulation and Supervision | |
| Issuing Body | Organisation for Economic Co-operation and Development (OECD) | |
| Date of Issuance | 5 June 2009 | |
| Location | ||
| Summary Description |
The Guidelines lay out guidance for the regulation of pension fund governance. |
|
| Detailed Description |
The Guidelines cover various topics including: the division of oversight and operational responsibilities, suitability / fit-and-proper criteria for board members, accountability, transparency/disclosure, internal controls, and the role of actuaries and custodians. |
|
| International Endorsement |
Approved as an OECD Council Recommendation (34 member countries) and endorsed by country observers to the OECD Working Party on Private Pensions (Brazil, India, Russian Federation, and South Africa); they are recognised by EU, IMF and World Bank. |
|
| International Application |
The Guidelines are applicable to OECD countries and to non-OECD that wish to evaluate and improve their policies. |