Page:Clearing and Settlement Systems Ordinance (Cap. 584).pdf/2

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Division 2—Certificate of finality
16.	Monetary Authority may issue certificate of finality ............................................................................................................................................................................................................................................................................................................	A871
17.	Suspension or revocation of certificate of finality ............................................................................................................................................................................................................................................................................................................	A873
Division 3—Finality of transactions and proceedings within designated systems
18.	Scope of modification of law of insolvency under this Division ............................................................................................................................................................................................................................................................................................................	A873
19.	Transfers and settlements within designated systems are final ............................................................................................................................................................................................................................................................................................................	A875
20.	Proceedings of designated systems take precedence over law of insolvency ............................................................................................................................................................................................................................................................................................................	A875
21.	Abrogation of statutory provisions relating to disclaimer of property, restriction on dispositions of property, etc. ............................................................................................................................................................................................................................................................................................................	A877
22.	Abrogation of statutory powers relating to adjustment of prior transactions ............................................................................................................................................................................................................................................................................................................	A877
23.	Net sum payable on completion of default arrangements provable in insolvency proceedings ............................................................................................................................................................................................................................................................................................................	A879
24.	Transfer orders entered into designated system after insolvency not affected ............................................................................................................................................................................................................................................................................................................	A879
Division 4—Netting of obligations of insolvent participants
25.	Netting may be effected ............................................................................................................................................................................................................................................................................................................	A881
Division 5—Miscellaneous
26.	Law of insolvency in other jurisdictions ............................................................................................................................................................................................................................................................................................................	A883
27.	Preservation of rights, etc. in underlying transactions ............................................................................................................................................................................................................................................................................................................	A883
28.	Right of relevant insolvency office-holder to recover gain from transaction at undervalue between 2 participants ............................................................................................................................................................................................................................................................................................................	A883
29.	Right of relevant insolvency office-holder to recover transfer between 2 participants giving unfair preference ............................................................................................................................................................................................................................................................................................................	A885
30.	Duty to report on completion of default proceedings ............................................................................................................................................................................................................................................................................................................	A889
31.	Obligation of participant to notify of bankruptcy or winding up ............................................................................................................................................................................................................................................................................................................	A891
32.	Order releasing relevant insolvency office-holder from obligations in relation to default proceedings ............................................................................................................................................................................................................................................................................................................	A891
33.	Enforcement of judgments over property of participant as judgment debtor ............................................................................................................................................................................................................................................................................................................	A891
PART 4 Appeals Tribunal
34.	Establishment of Clearing and Settlement Systems Appeals Tribunal ............................................................................................................................................................................................................................................................................................................	A893
35.	Review of decisions by Tribunal ............................................................................................................................................................................................................................................................................................................	A895
36.	Powers of Tribunal ............................................................................................................................................................................................................................................................................................................	1
37.	Use of incriminating evidence given under compulsion ............................................................................................................................................................................................................................................................................................................	A901
38.	Contempt dealt with by Tribunal ............................................................................................................................................................................................................................................................................................................	A901