103APayment to the credit of the fidelity fund of a futures exchange or futures association

##### 103A Payment to the credit of the fidelity fund of a futures exchange or futures association Where a body corporate that is a securities exchange, or that is related to a securities exchange, becomes a relevant organisation for the purposes of Part VII of the Futures Industry Act 1986, or for the purposes of the provisions of a law of a participating State or participating Territory that correspond with that Part: (a) the Ministerial Council may approve in writing, on such conditions (if any) as are specified in the approval: (i) the payment of an amount so specified 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, or under those provisions, as the case may be; and (b) if the Ministerial Council does so, the amount so specified shall, 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).