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  • CSD-6.1 CSD-6.1 Power to Impose Conditions or Restrictions

    • CSD-6.1.1

      The CBB may impose on a licensed clearing house or licensed central depository such conditions or restrictions as it deems fit by notice in writing, in addition to the obligations imposed on the licensed clearing house or licensed central depository under this Module, for the purposes of furthering the objectives specified in Section CSD-A.1.

      Amended: April 2016

    • CSD-6.1.2

      The CBB may, at any time, by notice in writing to the licensed clearing house or licensed central depository, vary any condition or restriction as it may deem fit.

      Amended: April 2016

    • CSD-6.1.3

      Without affecting the generality of Paragraphs CSD-6.1.1 or CSD-6.1.2, the conditions or restrictions that the CBB may impose include conditions or restrictions relating to:

      (a) The activities that the licensed clearing house or licensed central depository may undertake;
      (b) The products that may be cleared by the clearing facility;
      (c) The securities that may be accepted for deposit by the depository; or
      (d) The nature of investors, members or participants who may use or participate in the licensed clearing house facility and licensed central depository.
      Amended: April 2016