or futures association Where a body corporate that is a securities exchange,
or that is related to a securities exchange, becomes a futures organisation
for the purposes of Part 8.6:
- (a)
- the Minister may approve in writing,
on such conditions (if any) as are specified in the approval:
- (i)
- the payment of an amount specified in the approval out of the fidelity
fund kept under this Part by the body corporate, or by the
securities exchange, as the case may be; and
- (ii)
- the payment of that amount to the credit of the fidelity fund established
or to be established by the body corporate under that Part; and
- (b)
- if the Minister does so, that amount must, in accordance with the
conditions (if any) so specified:
- (i)
- be paid out of the fidelity fund referred to in subparagraph (a)(i);
and
- (ii)
- be paid to the credit of the fidelity fund referred to in
subparagraph (a)(ii).