176. Each fund shall, according to the conditions, in the manner and in accordance with the rules established in the by-laws of the council or, as the case may be, by government regulation,(1) administer the sums of money deposited therein;
(2) rule on the admissibility for payment of claims against a market intermediary;
(3) make a decision regarding any payment or outlay to be made out of the fund;
(4) invest the sums constituting the fund.