Singapore legislation

Section 177

of Securities and Futures Act 2001

Section 177

Moneys constituting fidelity fund

Amended by2/2009

The fidelity fund of an approved exchange consists of —

(a)

all moneys paid to the exchange by its members in accordance with this Part;

(b)

all moneys paid to the fund by the exchange;

(c)

all interest and profits from time to time accruing from the investment of the fund;

(d)

all moneys recovered by or on behalf of the exchange in the exercise of any right of action conferred by this Part;

(e)

all moneys paid by an insurer pursuant to a contract of insurance or indemnity entered into by the exchange under section 194; and

(f)

all other moneys lawfully paid into the fund.