The document discusses the Generally Accepted Principles and Practices (GAPP), also known as the Santiago Principles, for sovereign wealth funds. It provides background on the International Working Group that developed the principles. The GAPP establish a voluntary framework for governance, accountability, and investment practices of sovereign wealth funds. It identifies 24 principles addressing legal framework, governance structure, investment and risk management policies.

1. SOVERIGN WEALTH FUNDS Generally Accepted Principles and Practices Santiago Principles Prepared By: Sharjeel Butt Senior Manager Audit Professional Services Unit

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