Future Ireland Fund and Infrastructure, Climate and Nature Fund Act 2024
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Investment strategy for FI Fund | ||
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7. (1) The Agency shall, for the purposes of the performance of its functions under section 6 (1)— | ||
(a) determine, monitor and keep under review an investment strategy for the assets of the FI Fund (in this Part referred to as the “FI Fund investment strategy”), and | ||
(b) act in accordance with that strategy. | ||
(2) Without prejudice to the generality of subsection (1), the FI Fund investment strategy shall include— | ||
(a) appropriate benchmarks, against which the investment return of the FI Fund can be assessed, | ||
(b) a description of the classes of assets in which the FI Fund may be invested, including such derivative or other financial instruments as the Agency considers appropriate, and | ||
(c) a description of how the Agency shall, in the performance of its functions under section 6 (1), have regard to any risk to the assets of the FI Fund posed by environmental, social or governance matters of relevance to such performance, including a description of— | ||
(i) the basis on which the Agency identifies categories of investment in which the assets of that fund shall not be invested in light of those matters, and | ||
(ii) the categories of investment (if any) which have been so identified at the date of the publication of that investment strategy. | ||
(3) The Agency shall, in determining and reviewing the FI Fund investment strategy, consult with the Minister and the Minister for Public Expenditure, National Development Plan Delivery and Reform. | ||
(4) The Minister shall, in formulating views for the purposes of subsection (3), consult with such other Minister of the Government as the Minister considers appropriate having regard to the functions of that other Minister. | ||
(5) The Agency shall publish the FI Fund investment strategy on a website maintained by, or on behalf of, the Agency. |