Section 28: Annual investment plan and budget of the Fund

28. Annual investment plan and budget of the Fund.___ On or before such date prior to the beginning of the financial year, the Board shall approve— (a) a budget showing the expenditure which the Fund proposes to incur during that financial year for the purposes of section 6; and (b) a written investment plan in accordance with the investment mandate approved by the Supervisory Council and shall include— (i) indications of the types of investments in which the Fund can be invested and the selection criteria for investments within those classes; (ii) indications relating to the management of credit, liquidity, operational, currency, market and other risks; (iii) indications on prohibited or restricted investments or any investment constraints or limits; and (iv) information on the acceptable balance between risk and return in the overall Fund’s portfolio.

Effective date: 2023-08-04

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