(1) The council of a stock exchange may publish in a daily newspaper published and circulating generally in Ghana a notice, in or to the effect of the form prescribed, specifying a date, not being earlier than 3 months after the said publication, on or before which claims for compensation from the fidelity fund, in relation to the person specified in the notice, may be made.

(2) A claim for compensation from a fidelity fund in respect of a defalcation shall be made in writing to the council-

(a) where a notice under subsection (1) has been published on or before the date specified in the said notice; or

(b) where no such notice has been published within 6 months after the claimant becomes aware of the defalcation, and any claim which is not so made shall be barred unless the council otherwise determines.

(3) No action for damages shall lie against a stock exchange or against any member or employee of a stock exchange or of a council or management committee as a result of any notice published in good faith and without malice for the purposes of this section.