(1) The Agency shall, for the purposes of the performance of its functions under section 15(1) -

(a) determine, monitor and keep under review an investment strategy for the assets of the ICN Fund (in this Part referred to as the "ICN Fund investment strategy"), and

(b) act in accordance with that strategy.

(2) Without prejudice to the generality of subsection (1), the ICN Fund investment strategy shall include -

(a) appropriate benchmarks, against which the investment return of the ICN Fund can be assessed,

(b) a description of the classes of assets in which the ICN Fund may be invested, including such derivative or other financial instruments as the Agency considers appropriate, and

(c) a description of how the Agency shall, in the performance of its functions under section 15(1), have regard to any risk to the assets of the ICN Fund posed by environmental, social or governance matters of relevance to such performance, including a description of -

(i) the basis on which the Agency identifies categories of investment in which the assets of that fund shall not be invested in light of those matters, and

(ii) the categories of investment (if any) which have been so identified at the date of the publication of that investment strategy.