S.L. 403.25 Art. 4Representation of the Protection and Compensation Fund.

(1) The Protection and Compensation Fund shall have the power to delegate to any body or person any of its functions as the

Management Committee deems necessary.

(2) The Management Committee shall have in place sound and transparent governance practices.

(3) The legal and judicial representation of the Protection and Compensation Fund shall vest in the chairperson of the Management Committee:

Provided that, the Management Committee may appoint any one (1) or more of its members or of the officers or agents of the Protection and Compensation Fund to appear in the name and on behalf of the Protection and Compensation Fund in any legal or judicial proceedings and in any act, contract, instrument or other document whatsoever. Where Part III, Part IV or Part V is in operation, in respect of any powers and duties of the Protection and Compensation Fund exercisable by any body or person as provided in regulation 6(4), the legal representation of the Protection and Compensation Fund may also vest in such body or person or in the legal representative thereof.