Section 1: Establishment of the Chartered Institute of Treasury Management.

(1) There is established the Chartered Institute of Treasury Management (in this Act referred to as “the Institute”) which —
(a) shall be a body corporate with perpetual succession and a common seal, kept in such custody as the Council may direct;
(b) may sue and be sued in its corporate name; and
(c) may acquire, hold and dispose of any property, moveable or immovable.
(2) The Institute shall —
(a) determine the level of knowledge and skills to be attained by persons seeking to become members of the profession and review the standards as may be required;
(b) establish and maintain a register of members and publish the register in line with the provisions of this Act;
(c) regulate the practice of treasury management in its ramifications; and
(d) perform other functions conferred on the Council under this Act.