Subject to this Part, there must be paid out of the fidelity fund of a
futures organisation in such order as the board of the futures organisation
deems proper:
- (a)
- the amount of all claims, including costs, allowed by the
board or established against the futures organisation under this Part; and
- (b)
- all legal and other expenses incurred in investigating or defending claims
made under this Part or incurred in relation to the fund or in the exercise by
the futures organisation or the board of the rights, powers and authorities
vested in it by this Part in relation to the fund; and
- (c)
- all premiums payable in respect of contracts of insurance or indemnity
entered into by the futures organisation under section 1249; and
- (d)
- the expenses incurred in the administration of the fund, including the
salaries and wages of persons employed by the futures organisation or the
board in relation to the fund; and
- (e)
- all other money payable out of the fund in accordance with the provisions
of this Chapter.