Section 160
Contribution and levies
of Capital Markets and Services (Amendment) Act 2012
A participating organization, an affiliate, a holder of a Capital Markets Services Licence for dealing in securities other than a participating organization and a holder of a
Capital Markets Services Licence for fund management shall upon being licenced under this Act pay a contribution at a rate to be prescribed by the Minister to the Capital Market
Compensation Fund.
(2)
All contributions made under this section shall not be refundable.
(3)
In addition to the contributions under this section, the
Commission may impose a levy of an amount to be prescribed by the Minister on any category of relevant persons to sustain the operation of the Capital Market Compensation Fund.
Conservation of the Capital Market Compensation