Investor protection fund utilisation directs eligible uses with restitution priority and refund mechanisms for identified investors. The Investor Protection and Education Fund may be used for investor protection and education activities, funding recognised Investors' Associations, supporting legal proceedings by such associations, refunding certain security deposits on conditions, covering specified Committee and Ombudsman expenses, and other Board specified purposes. Disgorged amounts and interest may be earmarked for restitution to eligible and identifiable investors or informant rewards; other credited amounts may be earmarked for refunds to transferring entities who compensate eligible investors and claim refunds. Remaining monies may be used for general Fund purposes.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Investor protection fund utilisation directs eligible uses with restitution priority and refund mechanisms for identified investors.
The Investor Protection and Education Fund may be used for investor protection and education activities, funding recognised Investors' Associations, supporting legal proceedings by such associations, refunding certain security deposits on conditions, covering specified Committee and Ombudsman expenses, and other Board specified purposes. Disgorged amounts and interest may be earmarked for restitution to eligible and identifiable investors or informant rewards; other credited amounts may be earmarked for refunds to transferring entities who compensate eligible investors and claim refunds. Remaining monies may be used for general Fund purposes.
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