CSD-6.3.2

Without prejudice to Paragraph CSD-6.3.1, the actions which the CBB may direct a licensed clearing house or licensed central depository to take include:

(a) Ordering the liquidation of all positions or part thereof, or the reduction of such positions;
(b) Altering conditions of delivery of transactions cleared or settled, or to be cleared or settled through the clearing facility;
(c) Fixing the settlement price at which transactions are to be liquidated;
(d) Requiring margins or additional margins for transactions cleared or settled, or to be cleared or settled through the clearing facility; and
(e) Modifying or suspending any of the business rules of the licensed clearing house or licensed central depository.
Amended: April 2016