GAPP Principle 13

Professional and ethical standards should be clearly defined and made known to the members of the SWF’s governing body(ies), management, and staff.

Status: Implemented

The Ministry of Finance has established and published ethical standards for all Ministry employees. These include principles of transparency, objectivity, and independence, as well as restrictions on transactions in financial instruments. Professional standards are as a rule defined at the point of employment.

Folketrygdfondet has established ethical and professional standards and laid down ethical rules for its employees, including rules on advance approval and reporting requirements on transactions in financial instruments.

Source: Ministry of Finance’s and Folketrygdfondet’s websites.