(1) The following shall not be to any extent invalid at law for inconsistency with the law for distributing the assets of a person on insolvency, bankruptcy or winding up, or on the appointment of a receiver over any of the assets of a person—
(a) a market contract;
(b) the rules of a clearing agency for the settlement of a market contract;
(c) proceedings or other action taken under the rules of a clearing agency for the settlement of a market contract;
(d) a market charge;
(e) the default rules of a clearing agency; or
(f) default proceedings.
(2) A person acting under the laws of insolvency shall not exercise any power to prevent or interfere with—
(a) the settlement of a market contract under the rules of a clearing agency; or
(b) default proceedings.