Decision ID: 003046

In March 2005 the 1992 Fund Assembly adopted amendments to the Financial Regulations, including an amendment to Regulation 10.4(c) to the effect that the maximum investment in any bank or building society of the 1992 Fund’s assets shall not normally exceed 25% of those assets or £10 million, whichever was the higher; some of these amendments were required as a result of the establishment of the Supplementary Fund, others were made in order to strengthen the internal control or in the light of experience. The Director was also instructed to make the necessary amendments to the Regulations so as to render the text gender neutral.

Date: 01.03.2005
Categories: Administrative matters, Regulations and Rules
Subjects: Financial Regulations, Financial Regulations