Depository agreement requirement: depositories must contract participants as agents with form and terms governed by bye laws. A depository must enter into an agreement with one or more participants as its agents, and every such agreement must be in the form specified by the bye ... Summary
Depository agreement requirement: depositories must contract participants as agents with form and terms governed by bye laws.
A depository must enter into an agreement with one or more participants as its agents, and every such agreement must be in the form specified by the bye laws, thereby formalising participant agency relationships and governing the terms of engagement under the Depositories Act.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.