97/7. Revision of UNFPA Financial Regulations


The Executive Board

         Approves the inclusion of a new regulation 14.7 in the UNFPA Financial Regulations and Rules under Article XIV - "Internal Control": 

         "Regulation 14.7 In conformity with Executive Board decision 96/3, UNFPA may procure and hold stocks of essential contraceptive products in order to promptly respond to emergency requests for assistance. The inventory value of these stock holdings shall be shown in the accounts as an asset."

14 March 1997