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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 22 December 2014 - onwards
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39. Investment policy for Fund

(1) The Agency shall hold or invest the assets of the Fund (other than directed investments) on a commercial basis in a manner designed to support economic activity and employment in the State.

(2) The assets held or invested in accordance with subsection (1) shall be held or invested so as to seek to secure such rates of return as the Agency considers appropriate having regard to the level of risk to the assets.

(3) If and to the extent that it is not reasonably practicable to hold or invest any assets of the Fund in accordance with subsection (1), the assets shall be held or invested on a commercial basis with a view to seeking to secure such rates of return as appears to the Agency to be an appropriate return having regard to -

(a) the time at which it appears likely to be reasonably practicable to hold or invest the assets in accordance with subsection (1), and

(b) the level of risk to the assets.

(4) In determining what is an appropriate rate of return to seek to secure for the pu

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