12JEConcurrent operation of securities provisions

12JE Concurrent operation of securities provisions

(1) Subject to this section, this Subdivision is not intended to exclude the concurrent operation of the securities provisions. (2) A person is not entitled to institute a proceeding under the applied law in respect of loss or damage arising out of a contravention of the applied law if: (a) the person has recovered in respect of the loss or damage in an action brought under the securities provisions; or (b) the person has brought proceedings under the securities provisions to recover in respect of the loss or damage, but judgment has been entered for the defendant in those proceedings. (3) A person is not entitled to institute a proceeding under the securities provisions in respect of loss or damage arising out of a contravention of the securities provisions if: (a) the person has recovered in respect of the loss or damage in an action brought under the applied law; or (b) the person has brought proceedings under the applied law to recover in respect of the loss or damage, but judgment has been entered for the defendant in those proceedings.