CSD-6.2.1

Past version: Effective from 01 May 2009 to 31 Mar 2016
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The CBB may issue directions by notice in writing either of a general or specific nature to a licensed clearing house or central depository, and the licensed clearing house or central depository shall comply with such directions, if it considers it necessary or expedient:

(a) For ensuring the safe and efficient clearing and settlement of transactions through review of system mechanisms and establishment of operating standards;
(b) For ensuring the integrity and stability of the capital markets or the financial system;
(c) In the interests of the public or a section of the public, or for the protection of investors;
(d) For the effective administration of the CBB Law and regulations; or
(e) For ensuring compliance with any condition or restriction as may be imposed by the CBB.