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Account closure charges removed for beneficial owner accounts, while transaction charges remain payable under depository rules. No account closure fees shall be levied on the termination of beneficial owner accounts with depositories and custodians, while ordinary transaction charges remain collectible; depositories, stock exchanges and custodians must implement this instruction prospectively as specified by the regulator and adjust account-management practices accordingly.
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Provisions expressly mentioned in the judgment/order text.
Account closure charges removed for beneficial owner accounts, while transaction charges remain payable under depository rules.
No account closure fees shall be levied on the termination of beneficial owner accounts with depositories and custodians, while ordinary transaction charges remain collectible; depositories, stock exchanges and custodians must implement this instruction prospectively as specified by the regulator and adjust account-management practices accordingly.
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