(1) The Supervisory Authority shall -
(a) subject to any limit that the Minister may specify, establish and maintain a reserve fund to be used only for the purposes of performing its functions and exercising its powers under sections 24 and 26,
(b) set aside in each financial year for the reserve fund a portion of the revenue received under section 14 (1) and (2),
(c) pay into the reserve fund in each financial year -
(i) the amount set aside under paragraph (b) for the fund or, if that amount is amended under section 13 (4), the amended amount,
(ii) the proceeds of any levy imposed under subsection (2) of this section, and
(iii) any amounts paid to the Supervisory Authority under section 23 (5) (c) or 24 (7) and any costs recovered under section 26 (5) or (8),
and
(d) promptly inform the Minister if, in any financial year, the total amount in the reserve fund is likely to exceed any limit specified by the Minister for the purposes of this section.
(2) With the Minister's consent