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(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.