Decision details

WAIVER OF ELEMENTS OF THE COUNCIL'S CONTRACT AND PROCUREMENT RULES IN RELATION TO SELECTING TREASURY FUND INVESTMENTS

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

RESOLVED:

 

(1)     That Cabinet agree a waiver of the Contract and Procurement Rules to allow the selection process for long-term Treasury Investments (Multi-Asset Funds and Property Funds) to follow the process that has been advised by the Council’s Treasury Advisers;

 

(2)     That the decision on selecting the funds to be invested in, be delegated to the Service Director: Resources in consultation with the Executive Member for Finance and IT.

Report author: Ian Couper

Publication date: 22/07/2021

Date of decision: 20/07/2021

Decided at meeting: 20/07/2021 - Cabinet

Accompanying Documents: