Singapore legislation
Clause 38
Clause 38
Deposits to be invested by stock exchange
(1)
Pending repayment, all deposits shall be invested by the stock exchange upon deposit with a bank in Singapore bearing interest at a rate agreed between the bank and the stock exchange.
(2)
The interest accruing in respect of deposits so invested shall be paid to the fidelity fund of the stock exchange established under Part VI of this Act.