Clause 60
Establishment of fidelity funds
BillNot in forceProvision 55 of 87
Clause 60
(1)
A stock exchange shall establish and keep a fidelity fund which shall be administered by the committee on behalf of the stock exchange.
(2)
The assets of a fidelity fund shall be the property of the stock exchange but shall be kept separate from all other property and shall be held in trust for the purposes set out in this Part.