Decision ID: 003011

In March 2005 the Supplementary Fund Assembly decided to propose to the 1992 Fund Assembly and the 1971 Fund Administrative Council that the Supplementary Fund should pay a flat management fee to the 1992 Fund, initially set at £150,000 per annum (corresponding to approximately 5% of the administrative expenses of the joint Secretariat), which would be reviewed in later years in the light of experience in respect of the workload of the Supplementary Fund. It was noted that the 1992 Fund Assembly and the 1971 Fund Administrative Council had agreed to the proposed apportionment of the costs of the joint Secretariat at their 9th extraordinary session and 16th session respectively.

Date: 01.03.2005
Categories: Administrative matters, Financial matters
Subjects: Secretariat and Headquarters matters, Sharing of joint administrative costs between the 1992 Fund, the 1971 Fund and the Supplementary Fund, Sharing of joint administrative costs between the 1992 Fund, the 1971 Fund and the Supplementary Fund

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