Securities and Futures Act 2001 · 2020 Revised Edition · Part 3 · Clearing Facilities
68. Power of court to order observance or enforcement of business rules
Feedback & supportLast amended by an amending law of 2019. 2 amendments in all.
Where any person who is under an obligation to comply with, observe, enforce or give effect to the business rules of an approved clearing house fails to do so, the General Division of the High Court may, on the application of the Authority, the approved clearing house or a person aggrieved by the failure, and after giving the firstmentioned person an opportunity to be heard, make an order directing the firstmentioned person to comply with, observe, enforce or give effect to those business rules.
In this section, “person” includes an approved clearing house.
approved clearing house
“approved clearing house” means a corporation that is approved by the Authority under section 51(1)(a) as an approved clearing house;
This section is in addition to, and not in derogation of, any other remedy available to the aggrieved person referred to in subsection (1).