Investment in Qatar National Bank
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
Good afternoon,
Thank you for your Freedom of Information request dated 07/09/2022.
Please can we ask that you use our standard form to make your request. This can be located on our website at https://www.cherwell.gov.uk/info/5/your-....
Please see heading Freedom of Information (FOI) Act for more information and for a link to our Freedom of Information Request form.
Kind regards
Information Governance Officer
Information Governance Team
Law and Governance
Cherwell District Council
Bodicote House
Bodicote
Banbury
Oxfordshire. OX15 4AA
Dear Rob Davies,
We write to acknowledge receipt of your Freedom of Information Act 2000
request dated 7th September 2022 made under Freedom of Information Act
2000. We received your request on 7th September 2022.
The Council apologises for the delay in acknowledging and responding to
your request. We normally process requests under Freedom of Information
Act within 20 working days, please be assured that every effort is being
put in to ensure that the Council responds to requests in a timely manner.
In your request, you asked for:
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.
We expect to provide a response by 24^th July 2023.
Please be aware that, in certain circumstances, the law allows us to
charge a fee in order to deal with your request depending on the
complexity of your request. We will advise you as soon as possible of
this.
If we cannot meet your request, we will inform you of the reasons why,
subject to any legal or regulatory restrictions 24^th July 2023.
If you have any questions on the status of your request, please contact
Information Governance at [1][email address].
Kind regards,
Information Governance Officer
Law and Governance
Cherwell District Council
Bodicote House
Bodicote
Banbury
Oxfordshire. OX15 4AA
Dear Rob Davies,
Please find attached response to your recent request for information.
Yours sincerely,
Adeleke Jayeola
Information Governance Officer (Locum)
Cherwell District Council
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