Employees Provident Fund Act 1991 · Updated to 1 Jul 2022 · Part II · The Board and the Investment Panel
18. Establishment and membership of the Investment Panel
Feedback & supportAn Investment Panel responsible for matters pertaining to the investments of the Fund and which shall consist of the following members is established:
the Chairman, or any other person to be appointed by the
Minister, who shall be the Chairman of the Investment
Panel;
the Deputy Chairman who shall be a representative of the Ministry of Finance;
(Deleted by Act A1611);
the chief executive officer, who shall be an ex officio member; and
four other persons who shall have knowledge or experience in finance, business, economy or other relevant knowledge or experience, to be appointed by the Minister.
The Investment Panel shall be subject to such directions issued by the Board and approved by the Minister, from time to time.
Board
“Board” means the Employees Provident Fund Board established under section 3;
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Members of the Investment Panel shall not be entitled to any remuneration but may be paid such honorarium and travelling and subsistence allowances as the Board may, with the approval of the
Minister, determine.
Minister
“Minister” means the Minister charged with responsibility for matters relating to the Employees Provident Fund Board;