GENERAL OBLIGATIONS OF A RECOGNISED STOCK EXCHANGE AND A RECOGNISED CLEARING CORPORATIONInternational Financial Services Centres Authority (Market Infrastructure Institutions) Regulations, 2021
GENERAL OBLIGATIONS OF A RECOGNISED STOCK EXCHANGE AND A RECOGNISED CLEARING CORPORATIONInternational 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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Depository record maintenance requires electronic retrieval and comprehensive tracking of securities, ownership, transfers, participant instructions, and encumbrances. Recognised depositories must maintain records of dematerialised and rematerialised securities, securities transfers, beneficial owners and daily ... Summary
Depository record maintenance requires electronic retrieval and comprehensive tracking of securities, ownership, transfers, participant instructions, and encumbrances.
Recognised depositories must maintain records of dematerialised and rematerialised securities, securities transfers, beneficial owners and daily beneficial holdings. They must also preserve participant details, instructions involving participants, issuers and beneficial owners, pledge or hypothecation entries, and securities eligible for dematerialisation. The location of records must be intimated to the Authority, and all prescribed records and documents must be retained in electronic retrieval form for at least twenty years.
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