As there appeared to be agreement that the issue should be considered further, the Board decided that the Chair, in consultation with the Vice-Chair, would work intersessionally with the legal advisers from the Adaptation Fund Secretariat, the UNFCCC Secretariat, and the Invited Trustee to produce, for consideration by the Board at its next meeting, an options paper that laid out the advantages and disadvantages for according legal personality to the Adaptation Fund, together with any other available options to assist the operationalization of the Fund in the existing mechanism.  Such a group could also formulate a request to the COP/MOP for guidance on both the legal requirements for the monetization of certified emission reductions and the legal implications for the Adaptation Fund and the Adaptation Fund Board of allowing direct access to the Fund.