Compensation Fund
9. (1) All money received from participants or others under this Regulation and all income on any such money including any rights or benefits accruing from the investment of such money shall be held in trust for the benefit of such of the holders of claims as the Committee may from time to time in its discretion approve as provided in this Regulation and all such money and income shall constitute the Compensation Fund to be dealt with and distributed in accordance with this Regulation. (2) The Committee shall maintain a record of payments or other amounts received from, on behalf of or in respect of each participant and all such payments or amounts shall be credited to a participant or participants and the Committee’s decision in respect of such crediting is final. (3) No credit of a payment or amount to the Compensation Fund with respect to a participant gives the participant any right to that payment or amount or any part thereof. (4) The Trustee, in accordance with the direction received from the Committee, shall keep the Compensation Fund invested in approved securities. (5) The Trustee shall collect and receive all income from the Compensation Fund and shall, after deducting the fees, costs, charges and expenses referred to in section 17, invest the balance of the income in approved securities in accordance with the provisions of section 16. (6) Records of all transactions referred to in this section with respect to the administration of the Compensation Fund shall be based on a fiscal year ending with the 31st day of October. (7) A copy of the financial statements of the Compensation Fund certified by the Committee shall be delivered to each member of the Board and the Registrar within thirty days after the end of each fiscal year or as soon thereafter as is reasonably possible. (8) The financial statements of the Compensation Fund shall include, where applicable, at least the following information: 1. The amount owing under this Regulation by any participant to the Compensation Fund that has not been paid when due. 2. The amount of all receipts and the sources thereof. 3. The amount of all payments on behalf of participants. 4. A statement of all receipts and disbursements for claims in respect of each participant who failed to meet an obligation or liability under this Regulation during the fiscal period to which the statements relate. 5. A statement of all credits and debits to the capital of the Compensation Fund. 6. A statement of all fees, costs, charges and expenses paid from the income or capital of the Compensation Fund or owing by the Compensation Fund for expenses incurred during that fiscal period. 7. Such other information in addition to that set out in paragraphs 1 to 6 with respect to the Compensation Fund as the Board or the Registrar may from time to time require. (9) The Trustee shall provide a quarterly statement to the Committee of the assets of the Compensation Fund at book value and fair market value and a statement of any acquisitions and dispositions of investments during the quarter to which the statement relates. (10) The financial statements of the Compensation Fund shall be available to any participant for inspection upon request during the regular business hours of the Board. R.R.O. 1990, Reg. 468, s. 9. Claims