New OECD Acts

• 22 October 2009 - Recommendation of the Council on Competition Assessment - C(2009)130

Competition promotes efficiency, helping to ensure that goods and services more closely match consumer preferences. Governments should introduce a process to identify existing or proposed public policies that unduly restrict competition and develop specific and transparent criteria for performing competition assessment. More information

• 22 October 2009 -  Recommendation of the Council on Human Biobanks and Genetic Research Databases - C(2009)119

Advances in biotechnology and genetics offer much promise for sustainable growth and development. Providing guidance for the establishment, governance, management, operation, access, use and discontinuation of human biobanks and genetic research databases may contribute to public confidence and foster the willingness of participants to contribute in the research. More information

• 25 May 2009 - Recommendation of the Council on Tax Measures for Further Combating Bribery of Foreign Public Officials in International Business Transactions - C(2009)64

Explicit legislation disallowing the deductibility of bribes increases overall awareness within the business community of the illegality of bribing foreign public officials. The sharing of information by tax authorities with other law enforcement authorities can be an important tool for the detection and investigation of transnational bribery offences. More information

• 25 May 2009 - Recommendation of the Council on Recipient Country Investment Policies relating to National Security - C(2009)63

Investment policies for safeguarding national security are an important part of investment policies in some countries. Guidance to help countries design and implement these policies should include the principles of non-discrimination, transparency of policies and predictability of outcomes, proportionality of measures and accountability of implementing authorities. More information

• 25 May 2009 - Recommendation of the Council on Good Practices on Financial Education and Awareness Relating to Credit - C(2009)62

Credit market innovation has created new benefits and opportunities, but has also led to higher risks for consumers. The promotion of financial awareness and education relating to credit would facilitate affordable consumer access to financial services, enhance personal well-being and contribute to sound, efficient and competitive credit markets. More information

• 25 May 2009 - Recommendation of the Council on Core Principles of Occupational Pension Regulation - C(2009)57

Occupational pension plans play an important economic and social role in retirement income systems worldwide. The adoption of an authoritative set of core principles and guidelines for occupational pension regulation and supervision should enhance the efficiency of these systems. More information