49K. Notice calling for claims against fund
Feedback & supportLast amended by an amending law of 1995.
A Futures Exchange may cause to be published in a daily newspaper published and circulating generally in Singapore a notice, in or to the effect of the form prescribed, specifying a date, not being earlier than 3 months after the date of publication, on or before which claims for compensation from the fidelity fund, in relation to the person specified in the notice, may be made.
Futures Exchange
“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;
A claim for compensation from a fidelity fund in respect of a defalcation shall be made in writing to the Futures Exchange —
where a notice under subsection (1) has been published, on or before the date specified in the notice; or
where no such notice has been published, within 6 months after the claimant became aware of the defalcation.
Any claim which is not made in accordance with subsection (2) shall be barred unless the Futures Exchange otherwise allows
No action for damages shall lie against a Futures Exchange or against any member or employee of the Exchange by reason of any notice published in good faith and without malice for the purposes of this section.
Exchange
“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;