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
191. Subrogation of approved exchange to rights, etc., of claimant upon payment from fund
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Last amended by an amending law of 2009.
On payment out of a fidelity fund of any moneys in respect of any claim under this Part, the approved exchange is subrogated to the extent of such payment to all the rights and remedies of the claimant in relation to the loss suffered by the claimant by reason of the defalcation on which the claim was based.
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;