The Committee:
(1) Noted the comments of the Financial Policy Pane on the proposed amendments to the Financial Regulations at paragraphs 3.4 and 3.5;
(2) Recommended the updated Financial Regulations for approval by Full Council subject, in the interests of operational efficiency, to the amendment of paragraph 6.13 to permit the reallocation of resources (up to £50,000) between committees to be agreed by the relevant committee chairmen without the need to report to the relevant committees and Strategy and Resources Committee.