Question to the Department for Business, Energy and Industrial Strategy:
To ask His Majesty's Government, further to the Written Answer by Lord Callanan on 22 November 2021 (HL3859), whether the members of the UK Endorsement Board (1) individually, or (2) collectively, have the power to (a) tender for third party services, and (b) select providers of third party services.
The UK Endorsement Board (UKEB) is an unincorporated association. Whilst individual board members have the power to enter into contractual agreements, they have no call on UKEB funds which are managed through the Financial Reporting Council (FRC) and can only be accessed when procurement has been authorised in accordance with the FRC Procurement Policy. UKEB members can input into the process of drawing up a list of prospective providers of third-party services with oversight from the FRC accounting officer.