Part XVIIIRecognised investment exchanges, clearing houses , CSDs and other parties
F1CHAPTER 2APerformance of functions of recognised bodies
Approval
309TBreach of statutory duty by relevant recognised bodies
(1)
A contravention of section 309G(1) is actionable at the suit of a private person who suffers loss as a result of the contravention, subject to the defences and other incidents applying to actions for breach of statutory duty.
(2)
In prescribed cases, a contravention of section 309G(1) which would be actionable at the suit of a private person is actionable at the suit of a person who is not a private person, subject to the defences and other incidents applying to actions for breach of statutory duty.
(3)
In this section “private person” has such meaning as may be prescribed.