Deposit Insurance and Policy Owners’ Protection Schemes Act 2011 · 2020 Revised Edition · Part 3 · Deposit Insurance Fund
11. Investment of DI Fund
Feedback & supportThe Agency may invest any moneys in the DI Fund in all or any of the following:
Agency
“Agency” means the company designated by the Minister under section 56 to be the deposit insurance and policy owners’ protection fund agency;
any security issued by the Government or by the Authority;
Singapore dollar deposits placed with the Authority;
any debenture or debt security issued by Singapore Sukuk Pte. Ltd.;
such other investments, with the objects of capital preservation and maintenance of liquidity, as may be approved by the Minister.
The Agency may delegate, subject to such conditions or restrictions as it thinks fit, all or any of its powers and functions under subsection (1) to such employee or agent as it may appoint.
The Agency may pay to any person appointed under subsection (2) a reasonable fee for any service rendered in exercise of any power and function delegated to that person under that subsection.
The Agency may continue to exercise any power conferred upon it or perform any function under subsection (1) despite the delegation of such power or function to an employee or agent under this section.