Regulation 18 Management of Federation funds and propertyI1
England and Wales
(1)
Subject to these Regulations, Federation funds raised in accordance with regulation 17(1) and Federation property are to be managed in accordance with Federation rules.
(2)
Each branch board must maintain a fund (“the branch fund”) for the purposes of the relevant branch.
(3)
The national board must maintain a fund (“the national fund”) for any purpose of the Federation.