Minimum target size of Fund

(1) The Corporation shall manage the Fund with the objective of achievingsize of the Fund. (a) within ten years from the effective date, a minimum Fund coverage ratio of 4 percent; and (b) after ten years from the effective date, the minimum target size of the Fund set by the Board, under sub-section (3). (2) The Board shall annually review the size of the Fund in relation to the actual and potential payments into and use of the Fund. (3) For the purpose of achieving a Fund that allows for adequate protection to insured depositors, the Board may set a minimum target size for the Fund that is higher than the target in subsection (1)(a)16 (a) at any time after the expiration of ten years from the effective date; and (b) based on the findings of a review under sub- section (2). (4) In this section, “Fund coverage ratio” means the percentage of the total value of the Fund to the total insured deposits of Fund members.