In forceAmended1996 Revised EditionCurrent version · 1996 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
49G. Provisions if fund is reduced below $5 million
Feedback & supportAmended
Last amended by an amending law of 1995.
If the fidelity fund is reduced below the sum of $5 million or such other sum as the Minister may, by order, prescribe, the Futures Exchange shall take steps to make up the deficiency by transferring an amount that is equal to the deficiency from other funds of the Exchange to the fidelity fund.
Futures Exchange
Defined · s 2
“Exchange” or “Futures Exchange” means —(a)the Singapore International Monetary Exchange Ltd.; or(b)a body corporate —(i)that provides or proposes to provide the physical facilities necessary for trading in futures contracts; and(ii)that maintains or proposes to maintain a futures market that is approved by the Authority under section 4;