1989 Ed.]
Commodities Trading
[CAP. 250
43
(3A) The auditor appointed under this section may call for and inspect such books and records of the Exchange Company as he may require in order to perform his functions under this section. (Added 61 of 1985 s. 32)
(4) Not later than 4 months after the end of each financial year the Commission shall cause a copy of the audited revenue and expenditure account and balance sheet to be sent to the Exchange Company together with the auditor's report on such account and balance sheet and shall cause the account and balance sheet to be published in the Gazette. (Amended 61 of 1985 s. 32)
82. Exchange Company to make deposits in respect of shareholders
(1) The Exchange Company shall deposit and keep deposited with the Commission in respect of each shareholder-
(a) an amount of $50,000 in cash; and (Amended 61 of 1985 s. 33)
(b) a written undertaking to deposit with the Commission such further amount or amounts up to a total of $50,000 as the Commission may from time to time require the Exchange Company to deposit under section 85(1). (Replaced 61 of 1985 s. 33)
(2) Any amount due from the Exchange Company under this section may be sued for and recovered by the Commission as a debt in a court.
83. Investment of money in compensation fund
(1) The Commission may invest any money which forms part of the compensation fund and is not immediately required for any other purposes provided for by this Part-
(a) on fixed deposit with a licensed bank or licensed deposit-taking company; or
(b) in securities in which trustees are authorized by law to invest trust funds.
(2) Any return or profit on an investment of moneys by the Commission under subsection (1) shall, at the discretion of the Commission and after deduction of such sum representing the expenses of its management of the compensation fund as the Commission thinks fit, be either-
(a) added to the fund; or
(b) paid to the Exchange Company. (Replaced 61 of 1985 s. 34)
(3) A fixed deposit receipt or other document evidencing the investment of money under subsection (1) may be kept in the office of the Commission or deposited for safe keeping with a licensed bank or licensed deposit-taking company. (Amended 10 of 1989 s. 65)
1989 Ed.]
Commodities Trading
[CAP. 250
43
(3A) The auditor appointed under this section may call for and inspect such books and records of the Exchange Company as he may require in order to perform his functions under this section. (Added 61 of 1985 s. 32)
(4) Not later than 4 months after the end of each financial year the Commission shall cause a copy of the audited revenue and expenditure account and balance sheet to be sent to the Exchange Company together with the auditor's report on such account and balance sheet and shall cause the account and balance sheet to be published in the Gazette. (Amended 61 of 1985 s. 32)
82. Exchange Company to make deposits
in respect of shareholders
(1) The Exchange Company shall deposit and keep deposited with the Commission in respect of each shareholder-
(a) an amount of $50,000 in cash; and (Amended 61 of 1985 s. 33) (b) a written undertaking to deposit with the Commission such further amount or amounts up to a total of $50,000 as the Commission may from time to time require the Exchange Company to deposit under section 85(1). (Replaced 61 of 1985 s. 33)
(2) Any amount due from the Exchange Company under this section may be sued for and recovered by the Commission as a debt in a court.
83. Investment of money in compensation fund
(1) The Commission may invest any money which forms part of the compensation fund and is not immediately required for any other purposes provided for by this Part-
restricted licence bank
(a) on fixed deposit with a licensed bank or licensed deposit-taking 3 of 95.
company; or
(b) in securities in which trustees are authorized by law to invest trust
funds.
(2) Any return or profit on an investment of moneys by the Commission under subsection (1) shall, at the discretion of the Commission and after deduction of such sum representing the expenses of its management of the compensation fund as the Commission thinks fit, be either-
(a) added to the fund; or
(b) paid to the Exchange Company. (Replaced 61 of 1985 s. 34) (3) A fixed deposit receipt or other document evidencing the investment of money under subsection (1) may be kept in the office of the Commission or deposited for safe keeping with a licensed bank or beensed deposit taking company. (Amended 10 of 1989 s. 65)
restricted licence bank (Amended 61 of 1985 s. 34)
34f90
5.55
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