Singapore legislation
Section 49N
Section 49N
Subrogation of Futures Exchange to rights, etc., of claimant upon payment from fund
Amended by9/95
On payment out of a fidelity fund of any moneys in respect of any claim under this Part, the Futures Exchange shall be subrogated to the extent of such payment to all the rights and remedies of the claimant in relation to the loss suffered by him by reason of the defalcation on which the claim was based.