Singapore legislation
Section 49A
Section 49A
Establishment of fidelity funds
Amended by9/959/95
(1)
A Futures Exchange shall establish and keep a fidelity fund (referred to in this Part as a fidelity fund or fund) which shall be administered by the Exchange.
Amended by9/95
(2)
The assets of the fidelity fund of a Futures Exchange shall be the property of the Exchange but shall be kept separate from all other property and shall be held in trust for the purposes set out in this Part.
Amended by9/95