Changes to the Financial Regulations proposed by the ICG on Sustainable Financing, including the setting up of a Working Capital Fund

Request Meeting Document

Document Number:

CCAMLR-XXXVII/07

Author(s):

Executive Secretary

Submitted By:

Ms Doro Forck (CCAMLR Secretariat)

Agenda Item(s)

SCAF-18 - 4.2 - Consideration of the Financial Regulations

CCAMLR-XXXVII - 4 - Administration and Finance

Abstract

The ICG on Sustainable Financing (CCAMLR-XXXVII/17) recommended that several of the clauses of the Financial Regulations be amended to accommodate (i) the creation and operation of a Working Capital Fund, (ii) the creation and operation of a General Capacity Building Fund, and (iii) an amendment to the rules on small purchases to bring them up to date with current financial limits.

The Secretariat proposes changes to the Regulations to accommodate these recommendations.