Investment in Qatar National Bank

The request was successful.

Dear North Devon Council,

I'm writing to request information to which I believe I am entitled and which you may hold.

I am seeking any information on local authority funds that have been stored with Qatar National Bank in the past 5 years, either as part of Treasury management operations, or for any other reason. Please provide the following:-

A breakdown of local authority funds that have been stored with Qatar National Bank (QNB) since 1 January 2017.
The quantum of the funds invested with QNB and the interest rate earned.
The latest list of approved countries for local authority funds to be invested in.

Please note that I have also made a request to some local authorities regarding money invested by council pension funds.

This is a separate request about a different type of investment, not a duplicated request.

I look forward to a response within the statutory time period.

Yours faithfully,

Rob Davies

Legal Services, North Devon Council

Dear Rob Davies,

Thank you for your request received this afternoon for which I acknowledge receipt.

Your request is now being dealt with in accordance with the Act and will be due for response no later than 4 October, in accordance with the statutory time limit of 20 working days.

We will write to you in advance should the processing of your request require any further any information/clarification from you.

Yours sincerely

Helen Britton for
Vicky Eagle
Administrator/Paralegal – FOI and EIR
Legal Services
North Devon Council
PO Box 379, Barnstaple
[North Devon Council request email]

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Legal Services, North Devon Council

Dear Rob Davies,

I write in response to your request for information received 7 September 2022.

Section 1(1)(a) of the Act requires the Council to inform you whether it holds information of the description specified in your request. I confirm that the Council does hold this information. In discharge of its obligation under section 1(1)(b) I can provide you with the following response:

No North Devon Council funds have been placed in the Qatar National Bank.

If you are dissatisfied with the handling of your request, you have the right to request an internal review which should be received within two months from the date of this response email and should be sent to;

Senior Solicitor and Monitoring Officer
Legal Services
North Devon Council
PO Box 379, Barnstaple, EX32 2GR
[North Devon Council request email]

If you are not content with the outcome of the internal review, you have the right to apply to the Information Commissioner for a decision:

Information Commissioner's Office
Wycliffe House
Water Lane
Wilmslow
Cheshire
SK9 5AF

Tel: 01625 545 745
Fax: 01625 524 510
Email: [email address]

Yours sincerely

Vicky Eagle
Administrator/Paralegal – FOI & EIR
Legal Services
North Devon Council
[North Devon Council request email]

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