In force1985 Revised EditionCurrent version · 1985 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
81. Fidelity fund to consist of an amount of $5 million
Feedback & support(1)
The fidelity fund of a securities exchange shall consist of an amount of not less than $5 million, or such other sum as may by order be determined by the Minister from time to time, to be paid to the credit of the fund on the establishment of a securities exchange under this Act.
fidelity fund
Defined · s 74
“fidelity fund” or “fund” means a fidelity fund established under section 75;
(2)
The fidelity fund shall be increased by an annual payment into the fund of a sum that is equal to 10% or more of the net income of a securities exchange for any one financial year, but the Minister may, after consultation with the securities exchange, increase that percentage.
fund
Defined · s 74
“fidelity fund” or “fund” means a fidelity fund established under section 75;