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Version status: Repealed | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2021 - onwards
  Version 3 of 3    

6. Functions of Commission.

Repealed from 31 December 2021

(1) The functions of the Commission shall be -

(a) to control, manage and invest the assets of the Fund in accordance with the Fund investment policy and sections 19A and 19B,

(b) to authorise payments from the Fund to the Exchequer and such other payments from the Fund as may be required for the purposes of this Act,

(c) from time to time to determine the investment strategy for the Fund in accordance with the Fund investment policy, which shall include appropriate benchmarks, against which the investment return of the Fund can be assessed, and the classes of assets in which the Fund may be invested, including, without limiting the generality of the foregoing, such derivative or other financial instruments as the Commission may deem appropriate, but not including securities issued under section 54 (1) of the Finance Act 1970,

(ca) to accept funds or assets for the benefit of the Fund from sources other than the Central Fund, if so directed by the Minister,

(d) to monitor and revi

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