Section 182
Provisions if fund is reduced below minimum amount
of Securities and Futures Act 2001
ActIn forceProvision 400 of 701
Section 182
Amended by2/2009
If the fidelity fund of an approved exchange is reduced below the minimum amount referred to in section 181, the exchange must take steps to make up the deficiency —
(a)
by transferring an amount that is equal to the deficiency from other funds of the exchange to the fidelity fund; and
(b)
in the event that there are insufficient funds to transfer under paragraph (a), by requiring each member of the exchange to contribute to the fund such amount as the exchange may determine.