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Board of Trustees

BOARD OF TRUSTEES (FIDELITY FUND)

Establishment of Fidelity Fund.

  • There is hereby established a fund to be known as the Fidelity Fund.
  • Every registered professional shall be a member of the Fund and shall not practice or act as a professional on his own account or in partnership unless he is in possession of a fidelity fund certificate.
  • A registered professional who practices or acts in contravention of subregulation (2) commits professional misconduct and shall not be entitled to any fee, reward or disbursement in respect of anything done by him while so acting or practicing.
  • Subject to the provisions of the Act and these regulations, the Fund shall be applied for the purpose of mitigating any pecuniary loss or hardship sustained by any person in consequence of dishonesty by a registered professional or by an employee of the registered professional in the course of duty.