Singapore legislation
Clause 56
Clause 56
Effect of revocation
Any revocation of approval referred to in section 55 shall not operate so as to —
(a)
avoid or affect any agreement, transaction or arrangement entered into in connection with the use of a clearing facility operated by the corporation, whether the agreement, transaction or arrangement was entered into before or after the revocation of the approval; or
(b)
affect any right, obligation or liability arising under such agreement, transaction or arrangement.