Clause 64

A stock exchange may in its discretion enter into any contract with any person or body of persons, corporate or unincorporate, carrying on fidelity insurance business in Singapore whereby the stock exchange will be insured or indemnified to the extent and in the manner provided by such contract against liability in respect of claims under this Part.

Any such contract may be entered into in relation to stock brokers generally, or in relation to any particular stock broker or stock brokers named therein, or in relation to stock brokers generally with the exclusion of any particular stock broker or stock brokers named therein.

No action shall lie against a stock exchange or against any member or servant of a stock exchange or the committee or against any member of a management sub-committee for injury alleged to have been suffered by any stock broker by reason of the publication in good faith of a statement that any contract entered into under this section does or does not apply with respect to him.