Cap. 514 чл. 27Assets, permitted investments and borrowing powers of a retirement fund.

(1) The assets of the retirement fund shall be used for the exclusive purpose of providing retirement benefits to the beneficiaries of the retirement schemes or the overseas retirement schemes which have invested in such retirement fund, and of defraying the expenses as are allowable under this Act of such retirement scheme, or the bona fide expenses of the overseas retirement scheme, as applicable.

(2) A retirement fund shall comply with such requirements in terms of Pension Rules, with regard to the investment, management, accounting and valuation of its assets and the extent to which it may borrow money.