16(1)The Board shall establish and maintain a fund for the purpose of making grants to compensate persons who in the opinion of the Board have suffered pecuniary loss by reason of dishonesty in connection with the provision of—
(a)conveyancing services by or on behalf of an independent qualified conveyancer; or
(b)executry services by or on behalf of an executry practitioner.
(2)The Board may make rules with regard to the operation of the fund mentioned in sub-paragraph (1) above and, without prejudice to the foregoing generality, such rules may make provision as to—
(a)contributions to be paid to the fund by practitioners;
(b)the procedure for making claims against the fund; and
(c)the administration, management and protection of the fund.