Section 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.

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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.

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.

A central securities depository is prohibited from distributing dividends.

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