Decision ID: 003050

In March 2005 the 1992 Fund Assembly decided that there should be a joint Investment Advisory Body for the 1992 Fund, the 1971 Fund and the Supplementary Fund, and that appointments to the Body should be the responsibility of the 1992 Fund Assembly only. The Assembly decided that in future members of the joint Investment Advisory Body should be appointed for a term of three years instead of one year. The Assembly adopted a revised mandate for the Investment Advisory Body to reflect the above changes. It was noted that the Supplementary Fund Assembly and the 1971 Fund Administrative Council had at their 1st session and 16th session respectively agreed that the three Funds should have a joint Investment Advisory Body, agreed that only the 1992 Fund Assembly should appoint members of that Body, and adopted the revised mandate of the Body.