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  • CSD-5.4 CSD-5.4 Listing of Licensed Clearing House and Licensed Central Depository on Securities Market

    • CSD-5.4.1

      The securities of a licensed clearing house or a licensed central depository shall not be listed for quotation on a securities market that is operated by any of its related corporations, unless the licensed clearing house or licensed central depository and the operator of the securities market have entered into such arrangements as the CBB may require:

      (a) For dealing with possible conflicts of interest that may arise from such listing; and
      (b) For the purpose of ensuring the integrity of the trading of the securities of the licensed clearing house or licensed central depository.
      Amended: April 2016

    • CSD-5.4.2

      Where the securities of a licensed clearing house or licensed central depository are listed for quotation on a securities market operated by any of its related corporations, the listing rules of the securities market shall be deemed to allow the CBB to act in place of the operator of the securities market in making decisions and taking action, or to require the operator of the securities market to make decisions and to take action on behalf of the CBB, on:

      (a) The admission or removal of the licensed clearing house or licensed central depository, to or from the official list of the securities market; and
      (b) Granting approval for the securities of a licensed clearing house or licensed central depository to be, or stopping or suspending the securities of the licensed clearing house or licensed central depository from being listed for quotation or quoted on the securities market.
      Amended: April 2016

    • CSD-5.4.3

      The CBB may, by notice in writing to the operator of the securities market:

      (a) Modify the listing rules of the securities market for the purpose of their application to the listing of the securities of the licensed clearing house or licensed central depository for quotation or trading; or
      (b) Waive the application of any listing rule of the securities market to the licensed clearing house or licensed central depository.
      Amended: April 2016