Chapter Eight : Bankruptcy of Central Depository Participants
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Chapter (52)
- In the event any Participant is declared bankrupt, the company shall complete the settlement and clearance of its transactions before it being declared bankrupt, and such transactions shall be enforceable against all parties.
- The Authority may invalidate any or part of a transaction, on its own or at the request of the representative of the creditors of the bankrupt Participant if the transaction is effected in willful misconduct.
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