Regulations

(1) The Minister may make regulations for all or any of the following purposes, that is to say, (a) prescribing all such matters as, for the purposes of this Act, are required or permitted to be prescribed; 18 (b) regulating the granting of loans under this Act; (c) regulating the payment of any sums due to the Board by abatement of the salary of the employee concerned; (d) regulating the insurance of the lives of employees to whom loans are to be made; (e) regulating insurance for fire, wind, hurricane; (f) regulating the administration and procedure of the Board; and (g) carrying out generally the purposes of this Act. (2) Regulations under this section shall not have any force or effect until approved by resolution of the National Assembly. (3) The regulations contained in the Second Schedule hereto shall be deemed to have been made and approved under this section.