In force1985 Revised EditionCurrent version · 1985 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
82. Provisions if fund is reduced below $5 million
Feedback & supportIf the fidelity fund is reduced below the sum of $5 million or such other sum as the Minister may, by order, determine, the committee shall take steps to make up the deficiency —
fidelity fund
Defined · s 74
“fidelity fund” or “fund” means a fidelity fund established under section 75;
(a)
by transferring an amount that is equal to the deficiency from other funds of a securities exchange to the fidelity fund; or
securities exchange
Defined · s 2
“securities exchange” means a stock exchange or an approved securities organisation;
(b)
in the event that there are insufficient funds to transfer under paragraph (a), by determining the amount which each member company shall contribute to the fund.
fund
Defined · s 74
“fidelity fund” or “fund” means a fidelity fund established under section 75;