Section 6: Expenditure charged upon the Fund

6. Expenditure charged upon the Fund.___The follow expenditure shall be expenditure charged upon the Fund in accordance witin annual budget referred to in section 28,— (a) general operational and administrative expenses of the Fund; (b) such remuneration, if any, as the Supervisory Council may fix for directors of the Board; (c) charges regarding insurance and indemnity of directors of the Board; (d) such remuneration of the chief executive officer and staff of the Fund; (e) the expenses for the audit of the Fund’s books and accounts; (f) the remuneration payable to any investment manager, agent, advisor or consultant employed or retained by the Fund; (g) expenses arising from the contractual obligations and liabilities of the Fund; and (h) any other amount as approved by the Board.

Effective date: 2023-08-04

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