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    <title>Procedure for appointment of directors</title>
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    <description>All prospective directors must provide detailed personal, professional and regulatory disclosures, declarations of non-association with trading or clearing members, undertakings to comply with codes of conduct, and consent where applicable. The depository shall forward these particulars, governing board minutes and shareholders&#039; resolution (if any) to the Board along with confirmation that nominees meet the fit and proper criteria and compliance requirements prior to Board consideration.</description>
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