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bruneilawsby aturio
In forceAs enacted
Contents

Part II · Establishment and Capital of Authority

7. Reserve Fund and reserve accounts

The Authority shall establish the following reserve funds-

(a)

a Reserve Fund which shall not be used except for the purpose of covering losses sustained by the Authority;

(b)

a currency valuation reserve fund which shall be used to account for realised and unrealised gains and losses arising from its positions with foreign currencies;

{c) a market valuation reserve fund which shall be used to account for unrealised gains and losses arising from its positions with gold, financial instruments and other assets; and

{d)

such other funds as the Authority may determine.

Report

Read on from s 8

Part III

Read on from Part III

Part IV

Read on from Part IV

Part VI

Relations with Banks and Financial Institutions

Read on from Part VI

Part VII

Read on from Part VII

Part VIII

General

Read on from Part VIII

Schedules