The available financial means of a DGS should be immediately usable to face sudden events of payout or other interventions. In view of various practices across the Union, it is appropriate to lay down requirements for DGSs’ funds investment strategies in order to mitigate any negative impact on the ability of any DGS to fulfil its mandate. Where a DGS is not competent to set the investment strategy, the authority, body or entity in the Member State that is responsible for setting the investment strategy should, when setting that investment strategy, also respect the principles of diversification and investment in low-risk assets. To preserve full operational independence and flexibility of the DGS in terms of access to its funds, where Member States allow DGS funds to be deposited with their national central bank or national treasury, those funds should clearly be earmarked and separated for accounting purposes and should be readily available for use by the DGS.
Text as published in the Official Journal, reproduced verbatim (including any typographical quirks of the source). For the authentic version, see EUR-Lex.
