In forceAmended2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Securities and Futures Act 2001 · 2020 Revised Edition · Part 11 · Investor Compensation Scheme
184. Power of approved exchange to make advances to fund
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Last amended by an amending law of 2009.
(1)
An approved exchange may, out of its general funds, give or advance any sum of money to its fidelity fund on such terms as it thinks fit.
approved exchange
Defined · s 2
“approved exchange” means a corporation that is approved by the Authority under section 9(1)(a) as an approved exchange;
(2)
Any sum of money advanced by an approved exchange under subsection (1) may be repaid out of the fidelity fund to the general funds of the approved exchange.