Decision ID: 002681

In October 1998 the 1971 Fund Executive Committee decided to insert a new Internal Regulation (Regulation 12 bis) in the 1971 Fund’s Internal Regulations to allow the general delegation to the Legal Counsel or the Head of the Claims Department to act on behalf of the Director whenever the latter was on mission or otherwise unable to act. The Committee also decided to amend Internal Regulations 7.13 and 7.14 enabling the Director to authorise the Head of the Claims Department to approve individual claims up to £500,000 and to authorise any officer responsible for dealing with claims arising out of a particular incident to approve individual claims arising from that incident up to £75,000. The Committee also decided to insert a new Internal Regulation (Regulation 13 bis) allowing the Director to authorise other officers to make commitments on behalf of the 1971 Fund up to a maximum of £50,000. The Director was instructed to inform the Assembly or the Executive Committee of any delegation of authority and of the conditions of such delegation which would be laid down in Administrative Instructions.