Singapore legislation
Section 179
Section 179
Payments out of fidelity fund
Subject to this Part, there is to be paid out of the fidelity fund of an approved exchange as required and in such order as the exchange considers proper —
the amount of all claims, including costs, allowed by the exchange or established against the exchange under this Part;
all legal and other expenses incurred in investigating or defending claims made under this Part or incurred in relation to the fund or in the exercise by the exchange of the rights, powers and authorities vested in it by this Part in relation to the fund;
all premiums payable in respect of contracts of insurance or indemnity entered into by the exchange under section 194;
all expenses incurred or involved in the administration of the fund, including the salaries and wages of persons employed by the exchange in relation thereto; and
all other moneys payable out of the fund in accordance with this Act.