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The powers of a relevant office-holder in his capacity as such, and the powers of a court acting under the law of insolvency, shall not be exercised in such a way so as to prevent or interfere with:

(a) The settlementG in accordance with the rules of a licensed clearing houseG or licensed central depositoryG of a market contractG ; or
(b) Any default proceedingsG taken in pursuant to default rulesG .
Amended: April 2016
(2 Versions)
May 1 2009 - Mar 31 2016Apr 1 2016 onwards
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