Decision ID: 002525

In October 1996 the 1971 Fund Assembly emphasised that the role of the 1971 Fund was to pay compensation for oil pollution damage and not to act as a financial institution, the primary objective as regards the Fund’s investments being to avoid undue risks in order to protect the assets of the Organisation. As regards forward contracts, the purchase of options and the purchase of currencies other than pounds sterling, the Assembly stated that the policy followed to date should be maintained.