Meeting Minute- 5th NAFRMSC (National Advisory Fiduciary Risk Management Sub-Committee)

June 20, 2023

Chaired by the Secretary, Dr Krishna Hari Pushkar, MoFAGA

Decisions

1. The meeting acknowledged the progress update from the 4th NAFRMSC meeting, reflecting on the strides made since the last discussion.
2. NAFRMSC was presented with the second quarter fiscal year 2022/23 report, which was duly noted and received.
3. NAFRMSC was privy to the Third Party Monitoring (TPM) report for 2022/23, which was received and acknowledged.
4. The updated PLGSP FRRAP/EMIP was presented to the NAFRMSC, which was received and acknowledged.
5. The Audited Financial Report & recommendations for the fiscal year 2021-22 were received and noted. The NAFRMSC further directed the PCU to collaborate with OAG to produce consolidated audit reports for the PLGSP.
6. In response to the audit report's findings and recommendations, the NAFRMSC directed the PLGSP to implement and report on suitable management actions.
7. NAFRMSC meeting decided to inform the NEC meeting of the documents and decisions made during this meeting.

The  Meeting Minute of 5th NAFRMSC  is attached herewith, which includes:

• Desisions of 5th NAFRMSC
• Reflection of 4th NAFRMSC
• Progress update of PLGSP/ FRRAP and risk mitigation framework
• Progress Update
• DPs Comments
• Annexes

Click here to access the presentation slides of 5th NAFRMSC (including 8th NEC).