21 January 2002

                                                                                               To Member States of the ITU

Dear Colleagues,

As agreed at the first meeting of the Council Working Group on the Revision of the Financial Regulations held on 24 October 2001, the second and last meeting will take place in Geneva on 18 February 2002 in order to finalize the recommendations of the Group for submission to Council 2002.

Documentation from the first meeting as well as all relevant materials for the second meeting are, or will be, posted on the website at www.itu.int/finregs.

If your Administration wishes to nominate an expert to contribute to the work of the Group and/or attend the above-mentioned meeting, please inform the Secretariat at finregs@itu.int.

Thank you in advance for your support of this project.

Sincerely yours,

 (signed)

 Bruce GRACIE,

Chairman, Council Working Group on the Financial Regulations