Following the Recommendations issued by the Council for the Prevention of Corruption that the governing bodies of entities managing public moneys, funds, or assets, whatever their nature, should adopt and disclose plans for the prevention of corruption risks and related offences, the Fund also has a Plan for the Prevention of Corruption Risks and Related Offences.

Under the legal framework established by Article 168 of the Legal Framework of Credit Institutions and Financial Companies the Banco de Portugal is responsible for providing the technical and administrative services necessary for the proper functioning of the Fund. Thus, that plan identifies the potential risks of corruption and related offences linked to the Fund’s activity, accompanied by the corresponding preventive measures adopted and implemented, with reference to all the organisational structures of the Banco de Portugal that provide technical and administrative services to the Fund.

Although the Fund shares the management policy for corruption risks and related offences as adopted by the Banco de Portugal and benefits from the instruments which that authority already has in place to fulfil those objectives, it was considered justified for the Fund to have its own Plan for the Prevention of Corruption Risks and Related Offences, as a useful tool for defining procedures and for increasing transparency in the performance of its mission.

By adopting and disclosing its Plan for the Prevention of Corruption Risks and Related Offences, the Fund complies with Recommendations No 1/2009 of 1 July 2009, No 1/2010 of 7 April 2010 and No 1/2015 of 1 July 2015 of the Council for the Prevention of Corruption and strengthens its commitment to transparency and rigour in the prevention of management risks, including corruption risks and related offences.