(1) There shall be an investment committee of the Board.

(2) The investment committee shall -

(a) establish an investment strategy for the purpose of entering into and managing investment management contracts under section 68,

(b) establish risk management guidelines within the framework of the investment strategy,

(c) advise the Board on matters relating to the investment strategy or risk management guidelines as the Board may require, and

(d) effectively monitor the performance of AE provider schemes and inform the Board in writing of any matter that it considers to require the Board's attention.

(3) The members of the investment committee shall comprise -

(a) 2 members of the Board who are not chairperson of the Board and who are appointed by the Board, and