(1) Within six months from the date of commencement of this regulation, the fund shall prepare and implement an internal control system so that good governance is maintained.
(2) While preparing the internal control system according to sub-rule (1), the fund shall also cover the procedures of each work, identification and control of risk areas, management information system and monitoring and evaluation.
(3) In order to monitor the internal control system according to sub-rules (1) and (2), the executive director shall make arrangements to assign responsibility to any senior officer of the fund or any other employee in order not to conflict with the interests of the fund.
(4) The executive director shall be responsible for strengthening the internal control system by correcting the deficiencies found in the monitoring as per sub-rule (3).
(5) The committee shall monitor the internal control system as per sub-rule (3) at least twice every year.