4. Notwithstanding the fact that all or part of the administration or operation of a particular compensation and settlement system is implemented outside of Canada or that its rules of settlement are governed by a foreign jurisdiction when a court, in the context of a legal proceeding in Canada, finds that a person`s rights and obligations arising from or related to the operation of the designated compensation and settlement system , fully or partially subject to Canadian law. the provisions of this section apply to the extent that Canadian law applies to the determination of these rights and obligations. (f) no right or right to early termination of a contract relating to a service provided to the clearing house and determining the operation of the clearing and settlement system or clearing house may be exercised by a service provider. (b) a general loss of confidence in the entire Canadian payment system, including payment instruments, infrastructure, organizations, market agreements and a legal framework for the transfer of monetary value. (risk to the payment system) (a) the design or operation of the clearing and settlement system; 5 With regard to the planned clearing and settlement system, a clearing house transmits to the bank all the information that the bank can request in writing, at any time and in all forms defined by the bank. If you look at the graph again, the seller gives the goods to the clearing house, which then gives it to the buyer eventually. In return, the futures buyer hands the payment over to the clearing house, who then hands it over to the seller. In such an agreement, both parties are protected and assured that they will both receive what is theirs. Designated clearing and settlement system [Repealed, 2014, approximately 39, p. 373] a compensatory member refers to a person who pays the services of a clearing house on securities and derivatives in The Mouth. (ad) (a) the sale or disposal of all or part of the clearing house shares; 3. There is nothing in subsection 1 that prevents the Bank from disclosing, for purposes related to this Regulation, information relating to a clearing and settlement system designated by the bank pursuant to subsection 4, paragraph 1, to a public authority or supervisory body responsible for regulating systems or schemes for clearing or settling payments or payment notifications. , for purposes related to this regulation, if the bank is satisfied. that the information is treated confidentially by the authority or body to which it is located.
The offensive commission was set up.