Validating guid

Posted by / 30-Aug-2020 09:40

Validation is expected to document whether there are any state-owned enterprises engaged in the extractive sector, and if so, whether the prevailing rules and practices regarding the financial relationship between the government and state-owned enterprises have been disclosed (2.6.a).

This could include rules and practices governing transfers of funds between the SOE(s) and the state, retained earnings, reinvestment and third-party financing.

The term ‘document’ as in "Validation is expected to document whether" is used interchangeably with terms such as ‘assess’, ‘review’, and ‘comment’.Validation is expected to document whether the EITI Report includes any additional information about the allocation of licenses, including whether the EITI Report includes commentary on the efficiency and effectiveness of these systems (2.2.d).Validation is expected to document whether the information set out in provision 2.3.a-b has been disclosed for all the licenses held by companies covered in the EITI reporting process.Where contracts are disclosed, Validation is expected to document whether the EITI Report provides an overview of the contracts and information on how these can be accessed (2.4.b).Validation is expected to document whether the EITI Report documents the government’s policy and MSG’s discussion on disclosure of beneficial ownership in accordance with provision 2.5.b.i.

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