Agenda item

Report of The Chamberlain.

Members considered a Report of The Chamberlain, concerning the revised Financial Regulations.

RESOLVED – That Members approved the following:

·         Approved the updated Financial Regulations.

·         Noted the development of Financial Regulations Part 2 into the Finance Manual.

·         Delegated to the Chamberlain the updating of future amendments to the Financial Regulations where they relate to changes in officer responsibilities because of restructuring or a job title change and to update links to new document locations where appropriate.

·         Delegated authority to the Comptroller and City Solicitor to agree new standard clauses for indemnities and update the Financial Regulations appropriately.