Section 171
A claimant against the Capital Market Compensation
of Capital Markets and Services (Amendment) Act 2012
Amendment ActIn forceProvision 43 of 49
Section 171
Fund shall not have—
(a)
a right of action against a person with whom a contract of insurance or indemnity is made under this Act in respect of such contract; or
(b)
a right or claim with respect to any monies paid by the insurer in accordance with such contract.
Monies in the Capital Market Compensation Fund upon winding up of the relevant stock exchange