Article 194 - Introduction

This Part has effect for the purposes of safeguarding the operation of certain financial markets by provisions with respect to:

(1) the insolvency, administration, winding up or default of a person party to transactions in the market;
(2) the effectiveness or enforcement of certain charges given to secure obligations in connection with such transactions; and
(3) rights and remedies in relation to certain property provided as cover for margin in relation to such transactions or subject to such a charge.