Chapter:	581	Title:	DEPOSIT PROTECTION SCHEME ORDINANCE	Gazette Number:	L.N. 101 of 2004
Section:	5	Heading:	Functions of Board	Version Date:	22/05/2004

The Board has the following functions¡X

(a) to establish and maintain the Scheme;
(b) to manage and administer the Fund;
(c) to assess and collect contributions and late payment fees;
(d) to decide the entitlement of depositors and other persons to compensation under Division 2 of Part 5;
(e) to pay compensation to depositors in accordance with this Ordinance;
(f) to pay rebates or refunds of contributions to Scheme members in accordance with this Ordinance;
(g) to recover from, or out of the assets of, the Scheme member concerned any amount of compensation paid to depositors from the Fund, together with any interest accrued thereon in accordance with section 38; and
(h) such other functions as are imposed on it under this Ordinance.