Issue - decisions

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

22/07/2021 - WAIVER OF ELEMENTS OF THE COUNCIL'S CONTRACT AND PROCUREMENT RULES IN RELATION TO SELECTING TREASURY FUND INVESTMENTS

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.