The Norwegian Fund is cited as an example of best practice in disclosure and transparency. As a practical matter, we will have to build the capacity and infrastructure to deliver this level of transparency over time. What are the next steps? •  With the passage of the HSF legislation, the HSF account has been formally established.
For the time being, the funds will continue to be invested by the Central Bank, in line with the Bank’s current Strategic Asset Allocation. •  An important next step is the appointment of the HSF Board which has the responsibility for defining the Strategic Asset Allocation and benchmarking.