Use of income

(1) The investment conditions must provide that income of the collective investment fund required for future repairs of assets of the collective investment fund may not be distributed.
(2) At least 50 percent of the income of the collective investment fund must be distributed, insofar as it is not to be retained for future required repairs; realised gains from disposal transactions are not income within the meaning of this subsection.
(3) The investment conditions must state whether, and to what extent, income is retained to offset diminutions in the value of the assets of the collective investment fund and for future required repairs under subsection (1).