In February 2013, G20 Finance Ministers and Central Bank Governors encouraged the OECD to develop a report on High-level Principles on Long-Term Investment Financing by Institutional Investors for consideration at the G20 Summit in Saint Petersburg on 5-6 September 2013. These high-level principles are intended to help governments facilitate and promote long-term investment by institutional investors, particularly among those institutions, such as pension funds, insurers and sovereign wealth funds that typically have long duration liabilities and consequently can consider investments over a long period.
The OECD-led Task Force on Institutional Investors and Long-Term Financing, which is open to G20, FSB, APEC members and relevant international organisations, started work on developing these principles in March 2013.
This process involves consultations with relevant stakeholders and the OECD is now inviting comment on the draft report on high-level principles of long-term investment financing by institutional investors. The current version is still a work in progress. It has not yet been approved by the Task Force and does not necessarily reflect the views of the governments represented.
Based on comments received, a further draft will be discussed by the Task Force at its next meeting in May. A final draft will then be submitted to G20 Finance Ministers and Central Bank Governors at their July 2013 meeting for transmission to the G20 Leaders Summit in Saint Petersburg on 5-6 September 2013.