Print Options

Subject to this Part, there shall be paid out of a fidelity fund of a stock exchange as required and in the or da as the governing body of the stock exchange considers proper

(a) the amount of the claims, including costs allowed by the governing body or established against the stock exchange under this Part;

(b) the legal and other expenses incurred in investigating or defending claims made under this Part or incurred in relation to the fidelity fund or in the exercise by the governing body of the rights, powers and authorities vested in the governing body under this Part in relation to the fund;

(c) the premiums payable in respect of contract or insurance or indemnity entered into by the governing body under section 194;

(d) the expenses incurred or involved in the administration of the fund including the salaries and wages of persons employed by the governing body in relation to the fund; and

(e) any other moneys payable out of the fund in accordance with this Act.