Section 20 Investments and Securities Act 2025

Section 20 of the Investments and Securities Act 2025 is about Power to accept gifts. It is under Part IV (Financial Provisions) of the Act. It provides as follows:

(1) The Commission may accept gifts of land, money or other testamentary dispositions, endowments and contributions on such terms and conditions, if any, as may be specified by the donor of the gift.

(2) The Commission shall not accept any gift if the conditions attached by the donor are inconsistent with the functions, powers and objectives of the Commission or if the acceptance of the gift would compromise the observance and maintenance of proper conduct and professionalism in the discharge of its duties and performance of its functions.