INVESTMENTS AND SECURITIES ACT

Section 197: Establishment of an investors protection fund.

2007Section 197 of 316Federal Republic of Nigeria

(1) A securities exchange or capital trade point shall establish and maintain a fund to be known as the investor protection fund.
(2) An investor protection fund shall be administered by a board of trustees subject to the regulatory supervision of the Commission.
(3) The assets of an investor protection fund shall be vested in the board of trustees and kept separate and applied for the purposes as set out in this part of this Act.

Cite this section

Section 197, INVESTMENTS AND SECURITIES ACT (2007).

https://repo.podus.ai/laws/investments-and-securities-act/section/197/