Where a recognized clearing house has power by virtue of the provisions of this section to apply property notwithstanding an interest, right or remedy.
若认可结算所凭借本条条文仍有权运用财产,则当该结算所按照其规则处置该财产时。
The provisions of this section shall have effect with respect to the application by a recognized clearing house of property provided as market collateral.
本条条文适用于认可结算所对提供作市场抵押品的财产的运用。
Subject to subsection (4), no provision of the former rules of a former clearing house shall have effect on or after the relevant day unless and until it is approved under section 4 (1).
在符合第(4)款的规限下,前结算所的前规则条文在有关日期当日或之后无效,除非及直至它根据第4(1)条获得批准。
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