Section 56
New Part IXA
of Capital Markets and Services (Amendment) Act 2011
Amendment ActIn forceProvision 56 of 75
Section 56
The principal Act is amended by inserting after Part IX the following Part:
“PART IXA
MANAGEMENT OF SYSTEMIC RISK IN THE CAPITAL MARKET
Interpretation 346A. For the purposes of this Part—
“market participant” includes an investor, issuer, intermediary, capital market service provider, exchange holding company, stock exchange, derivatives exchange, central depository and clearing facility;
“systemic risk in the capital market” means a situation when one or more of the following events occurs or is likely to occur: