Securities Markets Order, 2013 · s 102

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102. (1)
Any person may apply for recognition as a self-regulating organisation in respect of the provision of central securities depository services provided it complies with the requirements for recognition under this Part.
1316
(2)
Any holder of a capital markets services licence may be entitled by regulations prescribed by the Authority to become a member of a central securities depository and be permitted access to all services offered by a central securities depository.
(3)
The Authority may prescribe by regulations such other persons who may be members, participants in or users of or shareholders of the central securities depository.
(4)
A central securities depository is prohibited from distributing dividends.
(5)
The activities to be undertaken by a central securities depository are-
(a)
custodial services;
(b)
maintenance of registry books for issuers; and
(c) such other related functions as the Authority may determine.
Trust status of property of central securities depository members.

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s 102

(1)

Any person may apply for recognition as a self-regulating organisation in respect of the provision of central securities depository services provided it complies with the requirements for recognition under this Part.

1316

(2)

Any holder of a capital markets services licence may be entitled by regulations prescribed by the Authority to become a member of a central securities depository and be permitted access to all services offered by a central securities depository.

(3)

The Authority may prescribe by regulations such other persons who may be members, participants in or users of or shareholders of the central securities depository.

(4)

A central securities depository is prohibited from distributing dividends.

(5)

The activities to be undertaken by a central securities depository are-

(a)

custodial services;

(b)

maintenance of registry books for issuers; and

(c)

such other related functions as the Authority may determine.

Trust status of property of central securities depository members.