Hong Kong Ordinances

DEPOSIT PROTECTION SCHEME ORDINANCE - SECT 21

Investment of money

(1) The Board may place, or invest, money of the Fund that is not immediately
required by the Board for the performance of its functions in the following—

   (a)  deposits with the Monetary Authority for the account of the Exchange
        Fund;

   (b)  Exchange Fund Bills;

   (c)  US Treasury Bills;

   (d)  subject to subsection (2), exchange rate contracts or interest rate
        contracts, including derivative products;

   (e)  any other investment approved by the Financial Secretary.

(2) The Board shall not place, or invest, money of the Fund in exchange rate
contracts or interest rate contracts except for hedging purposes.