78. Payments out of fidelity fund
Feedback & supportSubject to this Part, there shall from time to time be paid out of the fidelity fund of a securities exchange as required and in such order as the committee considers proper —
fidelity fund
“fidelity fund” or “fund” means a fidelity fund established under section 75;
the amount of all claims, including costs, allowed by the committee or established against the securities exchange under this Part;
committee
“committee”, in relation to a securities exchange, means the persons for the time being in whom the management of the securities exchange is vested;
all legal and other expenses incurred in investigating or defending claims made under this Part or incurred in relation to the fund or in the exercise by the committee of the rights, powers and authorities vested in it by this Part in relation to the fund;
fund
“fidelity fund” or “fund” means a fidelity fund established under section 75;
all premiums payable in respect of contracts of insurance or indemnity entered into by the committee under section 95;
the expenses incurred or involved in the administration of the fund including the salaries and wages of persons employed by the committee in relation thereto; and
all other moneys payable out of the fund in accordance with the provisions of this Act.