S.L. 442.3 Art. 3Functions of the Committee.

(1) There shall be a Committee which shall be known as the Central Co-operative Fund Committee whose functions shall be:

(a) to administer the Central Co-operative Fund;

(b) to employ necessary personnel to fulfil its functions;

(c) to finance programmes, including education and training relating to the promotion and development of the co-operative movement for members of and personnel engaged by co-operatives and other persons who may actively contribute to the promotion of the co-operative movement;

(d) to commission studies and research on particular areas of co-operative activity or any individual co-operative society in Malta;

(e) to finance co-operative educational material with a view to promoting co-operative ideals and practices;

(f) to support and intensify the participation of the Maltese co-operative movement in relevant organisations, activities and projects on an international level;

(g) to collect, recover and institute proceedings for the payment of sums to the Central Co-operative Fund, in terms of article 91(6) of the Act;

(h) to compile and approve the annual financial statements of the Fund;

(i) to appoint the auditor of the Fund;

(j) to receive and consider the auditor’s report on the accounts and workings of the Fund;

(k) to provide assistance to co-operative societies in connection with access and the raising of finance;

(l) to investigate any matters concerning the operations of the Fund; and

(m) to perform any other function that the Minister may assign.