 MODEL FINANCIAL REGULAT IONS Page 19 of 20 1. SUSPENSION AND REVISION OF FINANCIAL REGULATIONS 1.1. It shall be the duty of the c ouncil to review the Financial Regulations of the c ouncil from time to time. The Clerk shall make arrangements to monitor changes in legislation or proper practices and shall advise the council of any requirement for a consequential amendment to these financial regulations. 1.2. The c ouncil may, by resolution of the c ouncil duly notified prior to the relevant m eeting of c ouncil, suspend any part of these Financial Regulations provided that reasons for the suspension are recorded and that an assessment of the risks arising has been drawn up and presented in advance to all members of c ouncil. * * *
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