Persons Operating Clearing or Depository Facilities
CSD-1.1.5
The CBB may license a person operating a clearing or depository facility as a
licensed clearing house orlicensed central depository for the purposes of this Module, if it has satisfied the criteria laid out in this Module. The CBB may, on application, give authorisation to overseas clearing houses, clearing corporations, or central depositories, particularly for facilitating the operations of the licensed market operators and cross-listings.Amended: April 2016CSD-1.1.6
The CBB shall give notice in the Official Gazette of any
person licensed under rule CSD-1.1.5.CSD-1.1.7
A license provided by the CBB under rule CSD-1.1.5 shall continue to have effect until it is withdrawn by the CBB.
CSD-1.1.8
The CBB may withdraw the license of any
licensed clearing house orlicensed central depository at any time, on its own initiative or on the application of thelicensed clearing house orlicensed central depository , if the CBB is of the opinion that the considerations in rule CSD-1.1.5 are no longer valid or satisfied.Amended: April 2016CSD-1.1.9
The CBB shall give notice in the Official Gazette of any withdrawal under paragraph CSD-1.1.8.
CSD-1.1.10
The CBB shall not withdraw on its own initiative the license of any
person operating a clearing facility or depository as alicensed clearing house orlicensed central depository , without giving theperson an opportunity to be heard.Amended: April 2016
