21. No action for breach of statutory duty etc.

(1) Contravention of a rule-based requirement or a disclosure requirement does not give rise to any right of action for breach of statutory duty.
(2) Contravention of a rule-based requirement does not make any transaction void or unenforceable or (subject to any provision made by rules) affect the validity of any other thing.
(3) In this section —
(a) "contravention" includes failure to comply, and
(b) "disclosure requirement" and "rule-based requirement" have the same meaning as in Section 20.