41. Effect of cancellation of a licence to a clearing house

Any cancellation of a licence or the issuance of a directive under subsection (1) of section 39 shall not operate so as to –

avoid or affect any agreement, transaction or arrangement entered into through the licensed clearing house whether the agreement, transaction or arrangement was entered into before, or where subsection (4) of section 39 applies, after the cancellation of the licence or issuance of the directive under section 39; or

affect any right, obligation or liability arising under such agreement, transaction or arrangement.