(1) Nothing that the securities clearing house does in the course of, or in connection with, providing facilities for the settlement of transactions constitutes, for the purposes of this Act:

(a)

a securities business; or

(b)

an offer of securities for subscription or purchase; or

(c)

an invitation to subscribe for or buy securities.

(2) The securities clearing house does not, for the purposes of this Act, have a relevant interest in a security merely because of its provision of facilities for the settlement of transactions.