Investment Strategy to be decided by Committee

(1) The Committee shall decide the investment strategy of the Fund consistent with this Act. (2) The initial strategy shall be decided as soon as reasonably possible, and not later than four months after the first meeting of the Committee, and is to be reviewed not less frequently than once a year. Management Fund 17 (3) Pending a decision on the initial strategy, the Minister of Finance, on the advice of the Central Bank, shall decide the investment strategy of the Fund consistent with this Act. (4) In deciding the strategy, the Committee, and the Minister of Finance in the circumstances mentioned in subsection (3) of this section, shall exercise the judgment and care under the circumstances then prevailing that an institutional investor of ordinary prudence, discretion and intelligence would exercise in the management of large investments entrusted to it, not in regard to speculation but in regard to the permanent disposition of funds considering safety of the capital as well as optimising income over the long-term. (5) The Chairperson of the Committee and, in the circumstances mentioned in subsection (3) of this section, the Minister of Finance, shall within twenty-eight days of its finalisation provide a written copy of the investment strategy in form and content readily understandable by ordinary persons to The Committee, its members, staff, agents and delegates, shall not be liable for anything done or omitted to be done in good faith and without negligence in the performance of their duties.