The Equator Principles (EPs), the leading voluntary standard for managing social and environmental risk in project financing, will formally adopt new Governance Rules from 1 July 2010, the result of several years’ intensive work by the Equator Principles Financial Institutions (EPFIs). The Governance Rules (“the Rules”), that form the basis of the newly created Equator Principles Association, have been established to confirm the purpose, operation and management structure of the Equator Principles. The Rules formalize existing practices and procedures, increase the transparency of the Association, and will ensure that EPFIs meet their responsibilities such as public reporting on EP implementation. [refers to ABN Amro, Barclays, Citigroup, Crédit Lyonnais, Credit Suisse, HVB Group, Rabobank Group, The Royal Bank of Scotland, WestLB, and Westpac]