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Changes to the EITI Standard EITI International Secretariat Astana, 9 October 2013

Changes to the EITI Standard EITI International Secretariat Astana, 9 October 2013. http://eiti.org/document/standard. Evolution of the EITI. A revised EITI Standard now ensures transparency and accountability in more areas of the natural resource value chain. Licensing information.

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Changes to the EITI Standard EITI International Secretariat Astana, 9 October 2013

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  1. Changes to the EITI Standard • EITI International Secretariat • Astana, 9 October 2013 http://eiti.org/document/standard

  2. Evolution of the EITI

  3. A revised EITI Standard now ensures transparency and accountability in more areas of the natural resource value chain. Licensing information Transfers to local government Company social and infrastructure investments Production data State ownership Companies publish payments Government publish receipts Production contracts (encouraged) State Owned Enterprises Transit payments (encouraged) Beneficial ownership (encouraged) A national multi-stakeholder group (government, companies and civil society) decides how their EITI process should work. This group publishes an EITI Report where government revenues and other data are disclosed and independently assessed. The findings are communicated to create public awareness and debate about how the country should better manage their resources.

  4. 1. Emphasis on workplans and objectives for EITI implementation 2. Presenting the context 3. Strengthening EITI reporting 4. Impact and Validation 5. Restructuring and clarifying the requirements Key changes

  5. EITI Candidate countries are required to undertake Validation 2.5 years after obtaining Candidate status. • EITI Compliant countries are required to be revalidated every three years. • Validation to be procured and financed by the International Secretariat. • Kazakhstan’s revalidation will depend on outcomes of the current Validation. Improved Validation procedures EITI Requirement 7

  6. Validation scenarios: • Compliant : new Validation deadline in three years. • Meaningful progress: suspension. 12 months to address corrective actions, followed by a Secretariat Review. • No progress: delisted

  7. EITI Rules (2011) 21 Requirements EITI Standard (2013) 7 Requirements 1. Clarifying existing requirements

  8. Next steps for Kazakhstan: • Agree priorities for implementation and update the workplan by 31 December 2013. • produce the 2012 EITI Report in accordance with the EITI Standard by 31 December 2014. • Publish the 2013 activity report by 1 July 2014. • New Validation deadline: TBA. Transition procedures

  9. EITI Standard: http://eiti.org/document/standard Guidance notes: http://eiti.org/ Further information Contact: Dyveke Rogan, Regional Director, EITI International Secretariat drogan@eiti.org Sam Bartlett Technical Director, EITI International Secretariat sbartlett@eiti.org

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