Comparison View

Amendments are not highlighted in legislation amended before 2012. We are working on it.
Formal Consolidation |  1993 RevEd
Nature of pool and segregation of funds by futures pool operator, etc.
31.—(1)  A commodity futures pool operator shall operate its pool as an entity cognizable as a legal entity, separate from that of the commodity futures pool operator.
(2)  All money, securities or other property received by a commodity futures pool operator from existing or prospective pool participants for the purchase of an interest in a pool shall be received in the pool’s name.
(3)  No commodity futures pool operator shall commingle the property of any pool that it operates or intends to operate with the property of any other person.
(4)  The Board may by regulations provide for the capital, structure, minimum financial requirements, organisation and conduct of a pool operated by a futures pool operator and for the exemption of certain pools from the requirements of this section.
Informal Consolidation | Amended Act 22 of 2001
Nature of pool and segregation of funds by pool operator, etc.
31.—(1)  A commodity futures pool operator shall operate its pool as an entity cognizable as a legal entity, separate from that of the commodity pool operator or commodity futures pool operator.
[22/2001 wef 27/06/2001]
(2)  All money, securities or other property received by a commodity pool operator or commodity futures pool operator from existing or prospective pool participants for the purchase of an interest in a pool shall be received in the pool’s name.
[22/2001 wef 27/06/2001]
(3)  No commodity pool operator or commodity futures pool operator shall commingle the property of any pool that it operates or intends to operate with the property of any other person.
[22/2001 wef 27/06/2001]
(4)  The Board may by regulations provide for the capital, structure, minimum financial requirements, organisation and conduct of a pool operated by a commodity pool operator or commodity futures pool operator and for the exemption of certain pools from the requirements of this section.
[22/2001 wef 27/06/2001]