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Policy on Prohibited Practices

Policy on Prohibited Practices

GCF maintains a zero-tolerance policy toward prohibited practices, and is strongly committed to preventing and combating prohibited practices. GCF expects individuals and entities involved in Fund-related activities to observe the highest standards of integrity, to refrain from directly or indirectly, condoning, encouraging, participating in or engaging in prohibited practices and to take measures, where and when appropriate, to prevent and combat prohibited practices regarding all Fund-related activities.

The purpose of this policy is to establish the specific conduct and activities which are prohibited by GCF, the obligations of covered individuals and counterparties to uphold the highest standards of integrity and to refrain from prohibited practices, and the actions which GCF may take when prohibited practices are alleged to have occurred in Fund-related activities.

Cover date
22 July 2019
Ref. number
GCF Policy
Document type
GCF policy
Table of contents
  • Introduction
  • Purpose
  • Definitions
  • Scope
  • Guiding principles
  • Obligations of covered individuals
  • Obligations of counterparties
  • Actions to be taken by GCF in cases of prohibited practices
  • Referrals
  • Communication and capacity-building actions
  • Policy administration, monitoring, reporting and review
  • Consequential amendments to existing policies
  • Effective date