(1) The following entities must comply with the CS facility rules:
(a) operators of licensed CS facilities;
(b) participants in licensed CS facilities;
(c) entities prescribed by the regulations for the purposes of this paragraph.
Note: This subsection is a civil penalty provision: see section 1317E. For relief from liability to a civil penalty relating to this subsection, see section 1317S.
(2) Subsection (1) does not apply in relation to a clearing and settlement facility the operator of which is licensed under subsection 824B(2) (overseas clearing and settlement facilities).