As we know there is a initiative by FIDE to fund a series of eight tournaments (two per year over the next four years) for the purpose of giving players opportunities for IM and GM norms. Funding will be in the neighborhood of $10k U.S. for each tournament. Funding for the first two tournaments should reach the CFC shortly. FIDE has given us the guidelines of what we must do the receive the funding which is basically to invoice them for the funds. This may have already been done.
We will need some proposals from organizers. The tournaments must be incremental, that is new. It cannot be used to fund a Canadian Closed for example.
Vlad Drkulec, CFC President
