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Jul 14 2013 onwards

AMI 7.4.1



Whole Section PDF

The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

To view past versions of this module in PDF format, please visit the Archive.

(1) Where a Clearing HouseG operates a Central Securities DepositoryG (CSD), it must have rules and procedures, including robust accounting practices and controls to:
(a) ensure the integrity of securities issues; and
(b) minimise and manage risks associated with the safekeeping and transfer of securities.
(2) A CSDG must ensure that securities referred to in (1)(a) are recorded in book-entry form prior to the trade date.
(3) For the purposes of (1)(a), a CSD'sG systems and controls must ensure that:
(a) the unauthorised creation or deletion of securities is prevented;
(b) appropriate intra-day reconciliation is conducted to verify that the number of securities making up a securities issue or part of a securities issue submitted to the CSDG is equal to the sum of securities recorded on the securities accounts of the MembersG and other participants of the CSDG ;
(c) where entities other than the CSDG are involved in the reconciliation process for a securities issue, such as the issuer, registrars, issuance agents, transfer agents or other CSDsG , the CSDG has adequate arrangements for cooperation and information exchange between all involved parties so that the integrity of the issue is maintained; and
(d) there are no securities overdrafts or debit balances in securities accounts .
Derived from RM118/2013 [VER15/07-13]