CSD-2.4 CSD-2.4 Central Depository Function
Securities Accounts and Records
CSD-2.4.1
No
person shall deal in deposited securities without first having asecurities account .CSD-2.4.2
A
depository participant which deals in depositedsecurities as principal shall, in relation to such dealing, open and maintain asecurities account with thecentral depository .Amended: April 2016CSD-2.4.3
A
central depository may establish different types ofsecurities accounts for different classes ofpersons .CSD-2.4.4
Every
securities account opened with acentral depository shall be in the name of thebeneficial owner of the deposited securities.CSD-2.4.5
The
person opening thesecurities account shall make a declaration in such manner as may be specified in the rules of thecentral depository that he is thebeneficial owner of depositedsecurities .Issuance of Statements of Accounts
CSD-2.4.6
A
central depository shall issue to all securities holders statements of accounts in respect of all depositedsecurities held in custody by, or registered in the name of thecentral depository for the securities holders at such time and in such manner as may be provided in the rules of thecentral depository .CSD-2.4.7
Notwithstanding rule CSD-2.4.6, a securities holder may, at any time, by written notice, require the
central depository to issue to him a statement of account in respect of all or any of the depositedsecurities for the time being held in custody by, or registered in the name of thecentral depository .Amended: April 2016CSD-2.4.8
A
central depository shall, on receipt of a written notice under paragraph CSD-2.4.7 and uponpayment of any charges which may be imposed under these rules, issue to the securities holder the statement so required.CSD-2.4.9
A statement of account issued under this rule shall be prima facie evidence of the truth of the matters specified in the statement.
