My bookmarksSign up free
← Securities and Futures Act 2001

Securities and Futures Act 2001 s 179

s 179 Payments out of fidelity fund

179. Subject to this Part, there is to be paid out of the fidelity fund of an approved exchange as required and in such order as the exchange considers proper —(a) the amount of all claims, including costs, allowed by the exchange or established against the exchange under this Part; (b) 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 exchange of the rights, powers and authorities vested in it by this Part in relation to the fund; (c) all premiums payable in respect of contracts of insurance or indemnity entered into by the exchange under section 194; (d) all expenses incurred or involved in the administration of the fund, including the salaries and wages of persons employed by the exchange in relation thereto; and (e) all other moneys payable out of the fund in accordance with this Act.[2/2009]

Read this section in the full act → · Open PART 11 →

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Read the official text ↗

Source: Singapore Statutes Online (Attorney-General's Chambers), © Government of Singapore.

The Singapore legislation on this platform is subject to copyright of the Singapore Government and is used/reproduced for the purposes of this platform with the permission of the Attorney-General's Chambers. Users of this platform may check Singapore Statutes Online for the latest version of the Singapore legislation.

What to look at next