Investment Fund for the Faroe Islands cuts board to three

The board of the Investment Fund for the Faroe Islands will be reduced from five members to three, Kringvarp Føroya reports.

The board’s term of office will also be shortened from four years to two. The Faroese government amended the fund’s regulation on Friday.

The revised regulation also states that the board may make an agreement with Landsbankan to manage securities and liquidity.