Document ID: chunk:federal_register_of_legislation:C2023C00105:section:70
Version: federal_register_of_legislation:C2023C00105
Segment Type: section
Provision Reference: s 70
Character Range: 55195–56022

70  Derivatives
 (1) The Corporation may only 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 financial assets (other than derivatives) for a purpose in connection with the Corporation's investment function; or
 (d) achieving transactional efficiency for a purpose in connection with the Corporation's investment function;
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 68(1).

Part 7—Miscellaneous