Delivery Instruction Slip controls tightening to prevent unauthorized transfers; enhanced DP verification and issuance limits mandated. Safeguards require controls on Delivery Instruction Slips (DIS) and depositor-depository procedures to prevent unauthorized transfers from Beneficial Owner accounts. DPs must not accept pre-signed or blank DIS, must limit booklet and loose DIS issuance, cancel slips when loss is reported, and issue new booklets only after substantial use or validated loss. DPs must verify signatures, record verification details on instruction slips, and cross-check with BOs for transfers that move all ISIN balances from inactive accounts or multiple ISINs from active accounts. Depositories must amend rules, notify DPs, monitor compliance and report implementation.
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Provisions expressly mentioned in the judgment/order text.
Delivery Instruction Slip controls tightening to prevent unauthorized transfers; enhanced DP verification and issuance limits mandated.
Safeguards require controls on Delivery Instruction Slips (DIS) and depositor-depository procedures to prevent unauthorized transfers from Beneficial Owner accounts. DPs must not accept pre-signed or blank DIS, must limit booklet and loose DIS issuance, cancel slips when loss is reported, and issue new booklets only after substantial use or validated loss. DPs must verify signatures, record verification details on instruction slips, and cross-check with BOs for transfers that move all ISIN balances from inactive accounts or multiple ISINs from active accounts. Depositories must amend rules, notify DPs, monitor compliance and report implementation.
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