Document ID: chunk:federal_register_of_legislation:C2023C00318:section:77
Version: federal_register_of_legislation:C2023C00318
Segment Type: section
Provision Reference: s 77
Character Range: 66096–66907

77  Derivatives
 (1) The Corporation may acquire a derivative for the purpose of:
 (a) protecting the value of an investment of the Corporation (other than a derivative); or
 (b) protecting the return on an investment of the Corporation (other than a derivative); or
 (c) achieving indirect exposure to one or more equity interests for a purpose in connection with the Corporation's investment functions; or
 (d) achieving transactional efficiency for a purpose in connection with the Corporation's investment functions;
but must not acquire a derivative for the purpose of:
 (e) speculation; or
 (f) leverage.
 (2) The acquisition of a derivative under subsection (1) must be consistent with the investment strategy embodied in a policy formulated by the Board under subsection 75(1).

Part 7—Miscellaneous