S.L. 371.9 Art. 32Management of funds.

(1) The Scheme may place its available financial means in a low-risk and sufficiently diversified manner.

(2) The Scheme may hold any amounts collected from Management Expenses Contributions pursuant to regulation 26 and any other funds managed and administered by it on deposit or may invest such contributions, having regard to the need for prudence.

(3) Interest or any other form of income or gain earned by the Scheme in respect of its assets held pursuant to sub-regulations (1) and (2) shall be allocated to the Scheme’s reserves, including the "Accumulated Fund" and the "Revaluation Reserve".

(4) The Management Committee may at any time, and at its sole discretion, allocate any of the Scheme’s reserves held pursuant to sub-regulation (3) to either of the class of funds representing the Scheme’s available financial means or the Management Expenses contributions.