MarkLyon introduceda reportpresenting the proposed Alternative offerings to be launched in April 2024.

It was noted that existing and planned resources are considered sufficient to cover the launch of the new capabilities and that a full review of legal documentation has been carried out to ensure that it remains fit for purpose.

Members were informed that it is not anticipated that there will be any material operating model, capital, regulatory or procurement implications but this will be confirmed prior to implementation. It was also noted that the timeline is considered to be achievable and the importance of meeting the target date of 1 April 2024 was set out.

Followingdiscussion, itwas:

RESOLVED–

1. To note the contents of the report.

2. To note the overview of the UK Opportunities offering and comment on the proposition.

3. To delegate to Officers the authority to review the contractual documentation required to support the Alternatives 2024 launch.