C-48.1, r. 9 - Regulation respecting trust accounting by chartered professional accountants and the indemnity fund of the Ordre des comptables professionnels agréés du Québec

Section 31 Disposition versions

2012-09-01

31. The sums constituting the fund are invested by the board of directors as follows:

(1)  the portion of those sums which the board of directors intends to use on a short-term basis is deposited in a financial institution contemplated in section 8;

(2)  the balance is administered by the Order or entrusted to an investment manager and may be invested in short-term securities, fixed-interest securities or Canadian or international shares, in accordance with the investment policy adopted by the board of directors.

O.C. 57-2007, s. 31.