The Fundo Soberano de Angola’s (FSDEA) disclosure policy exists to ensure that the information disclosed by the FSDEA to its stakeholders is accurate, comprehensive, authoritative and relevant to all aspects of the Fund’s operations while at the same time consistent with all the legal requirements of the Republic of Angola and the markets where the FSDEA operates in.
The Board of Directors of the FSDEA is responsible for overseeing the Fund’s investment policy ensuring that the Fund fully operates in compliance with the established policies and procedures which are of the highest international standards, including the Santiago principles.
Adherence to the FSDEA’s disclosure policy is intended to provide an effective and efficient framework to facilitate the timely distribution of material regarding the Fund’s investments to its stakeholders. In line with this framework, the Fund endeavors to put in place a comprehensive and systematic audit mechanism to ensure the highest level of transparency in its operations.
Accordingly, the Fund has appointed an independent auditing authority which will review the financial accounts of the Fund for the year 2013 during the first half of 2014. Details of the audit review will be made available on this website in due course. Additionally, the Parliament of the Republic of Angola will assess the performance of the Fund on a yearly basis, with the first assessment anticipated for September 2014. The Department of Treasury will also receive from the FSDEA quarterly reports about its activities.
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