IN EXERCISE of the powers contained in sections 181, 182 and 221 of the Securities Act, the following Regulations are made:
These Regulations may be cited as the Securities (Compensation Fund) (Amendment) Regulations, 2020 and shall be read as one with Securities (Compensation Fund) Regulations, 1993, in these Regulations referred to as the principal Regulations.
The principal Rules are amended in Regulation 2 by the – (a) deletion of the definitions of “compensation fund”,
“compensation fund committee” and “licensee” and the substitution therefor of the following: