Section 165
of Capital Markets and Services (Amendment) Act 2012
Section 165
The Corporation shall make rules to be approved by the Commission governing the proper administration of the
Corporation and the Capital Market Compensation Fund.
(2)
The Corporation shall not amend its rules without the prior approval of the Commission.
(3)
The rules of the Corporation may include—
(a)
the scope and category of claimants who are eligible to make a claim from the Capital Market Compensation
Fund;
(b)
the manner in which claims are to be made;
(c)
the manner in which claims are to be determined and awarded by the Corporation;
(d)
the processing or administrative fees;
(e)
the circumstances in which the Corporation may make an interim payment prior to a final determination of a claim;
(f)
the circumstances in which the Corporation may make a payment to a person other than the claimant;
(g)
the circumstances in which a claim may be refused by the Corporation; and
(h)
the manner in which the outcome of a claim may be notified to the claimant and the relevant person.