Singapore legislation
Clause 176
Clause 176
Establishment of fidelity fund
(1)
Each securities exchange and each futures exchange shall establish, keep and administer a fidelity fund (referred to in this Part as a fidelity fund or fund).
(2)
The assets of the fidelity fund of a securities exchange or futures exchange shall —
(a)
be the property of the exchange;
(b)
be kept separate from all other property of the exchange; and
(c)
be held in trust for the purposes set out in this Part.