Section 13
Amendment of section 201
of Capital Markets and Services (Amendment) Act 2012
Amendment ActIn forceProvision 46 of 49
Section 13
Section 201 of the principal Act is amended by substituting for subsection (9) the following subsection:
“(9) To the extent that any of the amount recovered or obtained in a civil action under subsection (5) or (6) has not been distributed pursuant to subsection (7), it shall be—
(a)
paid to the Capital Market Compensation Fund maintained under Part IV; or
Capital Markets and Services (Amendment)
(b)
retained by the Commission to defray—
(i)
the cost of developing and facilitating educational programmes for capital market investors and professionals; or
(ii)
the cost of regulating the capital market, as the Commission may determine, with the approval of the Minister.”.