Section 14
Amendment of section 211
of Capital Markets and Services (Amendment) Act 2012
Amendment ActIn forceProvision 47 of 49
Section 14
Section 211 of the principal Act is amended by substituting for subsection (4) the following subsection:
“(4) To the extent that any of the amount obtained in a civil action under subsection (1) has not been distributed pursuant to paragraph (2)(b), it shall be—
(a)
paid to the Capital Market Compensation Fund maintained under Part IV; or
(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.”.
Substitution of Division 1 of Part VI