Rules and Procedures
Central Depositories Rules 2004
The Central Depositories Rules were made in exercise of the powers conferred by Section 4 of the Central Depositories Act 2000. These rules are in 3 parts:
1. Preliminary
It contains the citations and interpretation of the different terms used in the Rules.
2. General
This part contains the following:
Rules relating to appointment of Central Depository Agents (CDAs)
The structure of central depository accounts, opening and maintenance of securities accounts and transfer of central depository accounts.
Deposit of certificates by CDAs
Prohibition against variation of contract by the CDA and recourse available when CDAs refuse to act.
Private transactions
Securities account
Dispute resolution
The Business Conduct Committee
3. Rules for securities, other than debt securities
The following is included in this part:
Duty to notify securities holder on prescription as an eligible security
Deposit of securities into the central depository during Initial Public Offers (IPOs)
Jumbo certificates and withdrawal of securities
Suspension of securities
Mortgaging and pledging of securities
Settlement of trades
Rules relating to Issuers
De-listing of immobilized securities
Click HERE to download Central Depositories Regulation of Central Depositories Rules 2004 - March 2008 - PDF Format
Operational Procedures of the CDSC Ltd
This Procedures manual describes the procedures to be applied by CDAs in performing the functions relating to CDSC.
It touches on all the procedures that constitute the daily activities carried out in a central depository. These procedures include:
Securities account opening
Securities account maintenance
Deposits i.e. immobilization process
Trades i.e. transaction capture, amendments to trade information etc.
Clearing and settlement which includes securities and funds management
Withdrawal of immobilized securities
Transfer of accounts
Private transactions
Pledges & Foreclosures
Public offers
Bonus issues
Rights issues
Dividends/corporate actions
Statements of securities accounts
Fees and surcharges
Subdivision (split) of shares
And redemption of securities
Click HERE to download CDSC Operational Procedures (2007) - PDF Format
Click HERE to download CDSC Operational Procedures (2007) - Word Format