Singapore legislation
Clause 82
Clause 82
Provisions if fund is reduced below $5 million
If the fidelity fund is reduced below the sum of $5 million or such other sum as the Minister may, by order, determine, the committee shall take steps to make up the deficiency —
(a)
by transferring an amount that is equal to the deficiency from other funds of a securities exchange to the fidelity fund; or
(b)
in the event that there are insufficient funds to transfer under paragraph (a), by determining the amount which each member company shall contribute to the fund.