Investor Compensation Act, 1998
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Powers of Company. |
13.—(1) The Company shall have power to borrow or raise money, subject to the approval of the supervisory authority. | |
(2) Subject to the approval of the supervisory authority, the Company may place monies paid into the fund or funds maintained by the Company in accordance with section 19 on deposit or may invest such monies in securities in which trustees are authorised by law to invest trust funds. |