(1) A stock exchange shall establish and keep a fixity fund which shall be administered by its governing body on behalf of that stock exchange.
(2) The assets of a fidelity fund shall be
(a) the property of the stock exchange;
(b) kept separate fi-om all other properties; and
(c) held in trust for die purposes set out in this Part.
(3) The Commission may require any other exchange to establish a fidelity fund and provide regulations, rules or guidelines for its operation.