The Executive Board
1. Takes note of documents DP/FPA/2005/3 and DP/FPA/2005/4;
2. Approves the revisions to the financial regulations contained therein, with the following amendment:
3. Regarding the financing of donor agreements (regulation 2.2 F (i)), requests the Executive Director to establish guidelines containing elements such as standards for identifying and assessing risk factors, requirements for mitigating risk as a condition for approval, and limitations on the actual disbursement of cash prior to the receipt of contributions; and
4. Requests the UNFPA Executive Director to keep the financial regulations under active review and to consult accordingly with the Executive Board.
28 January 2005