1. The Authority may establish a fund to be known as the “Investor Protection Fund,” which shall be subject to its supervision and oversight, and shall enjoy independent legal personality and separate financial liability. The purpose of its establishment shall be to protect investors’ funds from the risks determined by the Authority. 2. The Authority shall issue the decision concerning the establishment of the Fund, the mechanisms for its operation and management, the conditions for membership therein, its financial resources, the mechanism for the management and investment of its assets, its obligations toward investors, the risks against which protection is provided, the cases of entitlement and their durations, the mechanisms for the dissolution and liquidation of the Fund, associated sanctions, and any other matters related thereto.
Interpretation and application must be checked against the official text and current version.