(1) The securities clearing house, or a member, officer or employee of the securities clearing house, or an SCH participant, has qualified privilege in respect of a statement made by a person, orally or in writing, in the course of, or otherwise for the purposes of or in connection with, a disciplinary proceeding of the securities clearing house. (2) A person has qualified privilege in respect of the publication of:

(a)

a statement made by a person, orally or in writing, in the course of, or otherwise for the purposes of or in connection with; or

(b)

a document prepared, given or produced by a person, in the course of, or otherwise for the purposes of or in connection with;