Singapore legislation

Clause 76

of Securities Industry Bill

Clause 76

Moneys constituting fidelity fund

The fidelity fund of a securities exchange shall consist of —

(a)

all moneys paid to the securities exchange by member companies in accordance with the provisions of this Part;

(b)

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

(c)

all moneys paid to the fund by the securities exchange;

(d)

all moneys recovered by or on behalf of the securities 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 committee of the securities exchange under section 95; and

(f)

all other moneys lawfully paid into the fund.

Read in full context — Securities Industry Bill →