Whole Section

  • 1.6 Order of Precedence

    • 1.6.1

      The order of precedence of the following instruments applicable to the CDP and Participants shall be (in descending order of precedence):

      (1) Legislation;
      (2) DVP Rules;
      (3) Directives;
      (4) Regulatory Notices;
      (5) Circulars; and
      (6) Practice Notes.

      Amended on 3 October 20093 October 2009 and 26 April 201326 April 2013.

    • 1.6.2

      In the event of any conflict between the provisions of the aforesaid instruments, the provisions in an instrument with a higher level of precedence shall prevail over the provisions in an instrument with a lower level of precedence.

      Added on 26 April 201326 April 2013.