Summary
This report provides the committee with background and a progress update relating to the procurement of the Asset Servicer (a key provider to the CIV). It notes that the procurement is underway through an OJEU process using the competitive dialogue route and that six potential providers responded to a PQQ, and following evaluation that led to three being shortlisted.
The tender is now at the ITT stage, with responses received from the three bidders on 28th November.
Recommendations
The committee is recommended to:
i. Note the content of this report and the on-going progress of the procurement