Section 78: Risk Management and Investment Strategy Committee

(1)
To assist it in carrying out its functions and ensuring compliance with the provisions of this Act, every Pension Fund Administrator shall establish -
(a) Risk Management Committee; and
(b) Investment Strategy Committee.
(2)
The Risk Management Committee shall-
(a) determine the risk profile of the investment portfolios of the Pension Fund Administrator;
(b) draw up programmes of adjustments in the case of deviation;
(c) determine the level of reserves to cover the risks of the investment portfolios;
(d) advise the Pension Fund Administrator on maintaining adequate internal control measures and procedures; and
(e) carry out such other functions relating to risk management as the Pension Fund Administrator may, from time to time, determine
(3)
The Investment Strategy Committee shall-
formulate strategies for complying with investment guidelines
issued by the Comrnission;
(b) determine an optimal investment mix consistent with risk profile agreed by the board of the Pension Fund Administrator;
(c) evaluate the value of the daily market-to-market portfolios and make proposals to the board of the Pension Fund Administrator;
(d) review the performance of the major securities of the investment portfolios of the Pension Fund Administrator on periodic basis; and
(e) carry out such other functions relating to investment strategy as the board of the Pension Fund Administrator may, from time to time, determine.