GENERAL OBLIGATIONS OF A RECOGNISED DEPOSITORYInternational Financial Services Centres Authority (Market Infrastructure Institutions) Regulations, 2021
GENERAL OBLIGATIONS OF A RECOGNISED DEPOSITORYInternational Financial Services Centres Authority (Market Infrastructure Institutions) Regulations, 2021
International Financial Services Centres Authority (Market Infrastructure Institutions) Regulations, 2021 Chapter V GENERAL OBLIGATIONS OF A RECOGNISED DEPOSITORY
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Pledge creation procedures in recognised depository bye-laws govern beneficial-owner securities and operationalise the pledging mechanism. Every recognised depository must incorporate in its bye-laws a procedure governing the creation of a pledge by beneficial owners over securities owned by ... Summary
Pledge creation procedures in recognised depository bye-laws govern beneficial-owner securities and operationalise the pledging mechanism.
Every recognised depository must incorporate in its bye-laws a procedure governing the creation of a pledge by beneficial owners over securities owned by them. The operational mechanism for pledging such securities must therefore be addressed through the depository's prescribed internal procedures.
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