International Financial Services Centres Authority (Capital Market Intermediaries) Regulations, 2025 Chapter IV SPECIFIC OBLIGATIONS AND RESPONSIBILITIES
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Depository participant obligations require separate beneficial owner accounts, segregated securities and daily reconciliation to ensure compliance. Depository participants must comply with applicable laws and recognised depository rules, open separate accounts for each beneficial owner with segregation of their securities, maintain mechanisms to review and monitor internal accounting controls and systems, preserve integrity of electronic record keeping systems, and reconcile their records with the depository daily.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Depository participant obligations require separate beneficial owner accounts, segregated securities and daily reconciliation to ensure compliance.
Depository participants must comply with applicable laws and recognised depository rules, open separate accounts for each beneficial owner with segregation of their securities, maintain mechanisms to review and monitor internal accounting controls and systems, preserve integrity of electronic record keeping systems, and reconcile their records with the depository daily.
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