Any matter requiring legal, financial, insurance, lending, investment, underwriting, procurement, regulatory, public finance, tax, accounting, technical certification, or formal decision authority must be routed outside the Council.
This includes:
investment decisions;
capital raising;
securities recommendations;
loan approvals;
credit decisions;
lending terms;
underwriting decisions;
insurance placement;
reinsurance capacity;
premium discussions;
public finance approvals;
grant approvals;
guarantee approvals;
public budget decisions;
procurement decisions;
vendor selection;
regulatory approvals;
licensing;
legal opinions;
compliance advice;
tax advice;
valuation opinions;
ratings;
certification;
assurance;
official public authority decisions;
corporate board decisions;
SPV formation decisions;
commercial negotiations.
The Council may identify that one of these matters exists. It may record that the matter requires competent external review. But it should not handle the matter itself.
Routing outside the Council protects all participants. It ensures that formal decisions are made by the institutions legally responsible for them.
