The 12 TMPs in detail
About this course
Each Treasury Management Practice walked through: scope, requirements, how to evidence compliance, common audit findings.
What you'll learn
- Overview & TMP12
- TMP1 core risks
- TMP1.13 ESG
- TMP2 + TMP3
- TMP4 + TMP5
- TMP6–9
- TMP10 K&S
- TMP11 + audit lens
Part of these pathways
Related courses
- The statutory framework
- The CIPFA Prudential Code
- The CIPFA Treasury Management Code
- Prudential Indicators in detail
- Investments for service & commercial purposes
- Commercial investment: the cautionary cases
Common questions
What is AML / MSB framework?
Anti-money-laundering controls. Most LA treasury activity is exempt from MLR 2017 because counterparties are themselves regulated; nevertheless TMP9 requires the council to identify any specific risks (e.g. unusual counterparties, complex structures) and document mitigations.
What is ESG (TMP1.13)?
Environmental, social and governance risk management — added in 2021 as a new section under TMP1. Counterparty selection, instrument choice, portfolio construction must consider ESG alongside credit and liquidity. Principles-based; doesn't mandate divestment.
What is IMPs?
Investment Management Practices. Parallel to TMPs but for service and commercial investments (non-treasury). Covered in detail in our Service & Commercial Investments course.
What is Knowledge & Skills schedule (TMP10)?
Strengthened in 2021. Specifies competence required for each role involved in treasury management — officers, S151, Cabinet, scrutiny — with how competence is achieved, monitored and refreshed. Audit increasingly looks for this; member-side competence is in scope.
What is MiFID II classification?
EU-derived UK regulatory framework. Most LAs are by default "retail clients" with banks/brokers, which restricts product access; can elect to "professional client" status with approved counterparties. TMP4 schedule typically lists MiFID II elections.
What is Responsible officer?
The officer to whom Council has delegated execution of treasury management decisions — almost always the S151 / chief finance officer or their direct delegate. Personally accountable under TMP1.