Section 19 Investments and Securities Act 2025

Section 19 of the Investments and Securities Act 2025 is about Reserve account. It is under Part IV (Financial Provisions) of the Act. It provides as follows:

(1) The Commission shall establish a reserve account into which all surpluses from the Fund shall be paid.

(2) Disbursement from the reserve account shall be approved by the Board.

(3) The Commission may invest funds in the reserve account in securities prescribed by the Trustee Investments Act and such other modifying legislation or in such other securities as may be approved by the Board.

(4) Any deduction to be made from the Commission’s fund shall be in accordance with the provisions of the Fiscal Responsibility Act.

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