Creation of security for secured deposits requires charge on tangible assets and sufficient deposit insurance. Creation of security for secured deposits requires a charge on the company's tangible assets listed in Schedule III, excluding intangible assets, and/or deposit insurance such that the total value of security is not less than the deposits accepted and interest payable. The secured amount and interest must not exceed the market value of charged assets as assessed by a qualified valuer. Pending finalisation of valuer qualifications, valuation of stocks, shares, debentures and securities may be conducted by an independent merchant banker registered with the securities regulator or an independent chartered accountant with minimum ten years' experience.