B.15/08: Competitive process for the selection of the permanent Trustee

The Board, having considered document GCF/B.15/15/Rev.01 titled “Competitive process for the selection of the Permanent Trustee” and annex II to the aforementioned document:

1. Requests the Secretariat to submit to the Board at its sixteenth meeting;
   
   1. Detailed terms of reference for the selection of the Permanent Trustee for the GCF in accordance with UNFCCC decision 1/CP.16 (paras. 104 – 107), as well as subsequent UNFCCC decisions on this matter, the Governing Instrument for the GCF (paras. 6, 18(o), 24, 25 and, 27) and relevant Board decisions; and
   2. A detailed plan for the competitive procedure for the selection of the Permanent Trustee; and
2. Also requests the Secretariat to take into account in developing the terms of reference of the procedure:
   
   1. The need for the assets of the GCF to be covered by the appropriate privileges and immunities; and
   2. The legal and institutional requirements of the contributors.