Securities Markets Order, 2013 · s 106

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s 106Establishment of default fund

(1)

The Authority may by regulations require the establishment by the central securities depository of a fund known as the default fund to guarantee the prompt and accurate clearance and settlement of transactions executed on a securities exchange.

(2)

The Authority may require that the central securities depository provide by regulations for the contribution of its members to the establishment and operation of such fund.