Amendment to the Financial Regulations for the Secretariat of the Antarctic Treaty
The Representatives,
Recalling Measure 1 (2003) on the establishment of the Secretariat of the Antarctic Treaty (“the Secretariat”);
Bearing in mind the Financial Regulations for the Secretariat of the Antarctic Treaty (“the Financial Regulations”) annexed to Decision 4 (2003) and amended by Decision 6 (2005);
Desiring to amend the Financial Regulations to allow for voluntary contributions to be credited to the General Fund and unused moneys held in Trust or Special Funds to be transferred to the General Fund or another Trust or Special Fund, to allow for the efficient functioning of the Secretariat;
Decide:
1. to replace Regulations 7.1 and 7.5 of the Financial Regulations with the following:
“7.1 All income other than contributions to the budget under Regulation 5, income derived from investment in the Working Capital Fund as provided in Regulation 6.2 (c), or income treated as Trust or Special Funds under Regulation 6.2 (d), shall be classified as Miscellaneous Income and credited to the General Fund.”;
“7.5 Voluntary contributions as referred to in Regulation 7.4 above shall either be credited to a Trust or Special Fund established under Regulation 6.2 (d), or be classified as Miscellaneous Income and credited to the General Fund under Regulation 7.1 above, according to the preference of the contributor.”; and
2. to include, after Regulation 8.2 (b) of the Financial Regulations, the following:
“8.2 (c) With regard to moneys held in Trust or Special Funds which have remained inactive for at least 24 months, and which were contributed for purposes which the ATCM has decided have been met or are no longer applicable, the Executive Secretary shall be authorised by the ATCM, following the approval of the contributing party or parties, with respect to their individual contributions, to transfer those moneys, or a portion thereof, to the General Fund or to another Trust or Special Fund according to the direction of the contributing party or parties.”.
The Representatives,
Recalling Measure 1 (2003) on the establishment of the Secretariat of the Antarctic Treaty (“the Secretariat”);
Bearing in mind the Financial Regulations for the Secretariat of the Antarctic Treaty (“the Financial Regulations”) annexed to Decision 4 (2003) and amended by Decision 6 (2005);
Desiring to amend the Financial Regulations to allow for voluntary contributions to be credited to the General Fund and unused moneys held in Trust or Special Funds to be transferred to the General Fund or another Trust or Special Fund, to allow for the efficient functioning of the Secretariat;
Decide:
1. to replace Regulations 7.1 and 7.5 of the Financial Regulations with the following:
“7.1 All income other than contributions to the budget under Regulation 5, income derived from investment in the Working Capital Fund as provided in Regulation 6.2 (c), or income treated as Trust or Special Funds under Regulation 6.2 (d), shall be classified as Miscellaneous Income and credited to the General Fund.”;
“7.5 Voluntary contributions as referred to in Regulation 7.4 above shall either be credited to a Trust or Special Fund established under Regulation 6.2 (d), or be classified as Miscellaneous Income and credited to the General Fund under Regulation 7.1 above, according to the preference of the contributor.”; and
2. to include, after Regulation 8.2 (b) of the Financial Regulations, the following:
“8.2 (c) With regard to moneys held in Trust or Special Funds which have remained inactive for at least 24 months, and which were contributed for purposes which the ATCM has decided have been met or are no longer applicable, the Executive Secretary shall be authorised by the ATCM, following the approval of the contributing party or parties, with respect to their individual contributions, to transfer those moneys, or a portion thereof, to the General Fund or to another Trust or Special Fund according to the direction of the contributing party or parties.”.
