Section 9
Without prejudice to the generality of section 8 —
of Payment and Settlement Systems (Finality and Netting) Act
ActIn forceProvision 9 of 18
Section 9
(a)
section 59 of the Bankruptcy Act (Chapter 67) and section 151 of the Insolvency Act (Chapter 247) do not apply to a transfer order; and
Payment and Settlement Systems
(Finality and Netting)
B.L.R.O. 9/2022 11
(b)
sections 70 and 105 of the Insolvency Act (Chapter 247) do not apply to a transfer order or any disposition of property in pursuance of such an order.