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—(1) Subject to subsection (2), a designated clearing house may invest any money or assets deposited or paid in respect of or in relation to contracts of customers of a member and held by the designated clearing house in the course of its clearing or settlement activities, including any money deposited in the trust account and any assets deposited in the custody account referred to in section 62(2)(b) , in any security, instrument or other form of investment arrangement as the Authority may prescribe.
(2) The designated clearing house shall seek the approval of the Authority before investing any such money or assets under subsection (1).
(3) The designated clearing house seeking the approval of the Authority under subsection (2) shall satisfy the Authority —
that the management of the investments made by the designated clearing house is consistent with the principles of preserving principal and maintaining sufficient liquidity to meet the obligations of customers of members of the designated clearing house;
that prudential measures have been adopted to manage the risks in respect of the designated clearing house’s investment activities; and
of any other matter which the Authority considers necessary for the sound management of the investments.
(4) The Authority may grant the approval referred to in subsection (2) subject to such conditions or restrictions as the Authority may think fit.