Decision details
Treasury Management Mid-Year Monitoring Report 2017/18
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Decision:
RESOLVED:
(a) That the potential impact on the Council’s investment strategy of defaulting to a retail client with effect from 3rd January 2018 be noted; and
RECOMMENDED:
(b) That applications for elected professional client status be commenced immediately with all relevant institutions in order to ensure the Council can continue to implement an effective investment strategy;
(c) That authority be delegated to the Section 151 Officer for the purposes of completing theapplications and determining the basis of the application with respect to professional client status as either full or single service; and
(d) That in electing for professional client status it be acknowledged and agreed that the Council will forgo the protections available to retail clients, as set out in Appendix 1 to Report Item 5 to the Cabinet.
Publication date: 06/09/2017
Date of decision: 06/09/2017
Decided at meeting: 06/09/2017 - Cabinet
Accompanying Documents: