57. The Institute may invest funds, provided the investments are short-term and made as follows:(1) in securities issued or guaranteed by the Government of Canada, the Gouvernement du Québec or the government of another Canadian province;
(2) in securities issued by the municipalities of Québec; or
(3) in deposits with a bank or deposit institution authorized under the Deposit Institutions and Deposit Protection Act (chapter I-13.2.2), or in certificates, notes or other short-term securities or instruments issued or guaranteed by a bank or any such institution.