CSD-3.1.1
Past version: Effective from 01 May 2009 to 31 Mar 2016
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A
(a) As far as is reasonably practicable, operate a safe and efficient clearing or central depository facility;
(b) Manage any risks associated with its business and operations prudently;
(c) In discharging its obligations under this Module, not act contrary to the interests of the public, having particular regard to the interests of the investing public;
(d) Ensure that access for participation in its clearing or central depository facility is subject to criteria that are fair and objective, and that are designed to ensure the safe and efficient functioning of its facility and to protect the interests of the investing public;
(e) Maintain business rules that make satisfactory provision for:
(i) The clearing or central depository facility to be operated in a safe and efficient manner; and
(ii) The proper regulation and supervision of its members and depository participants;
(f) Enforce compliance by its members and depository participants with its business rules ;
(g) Have sufficient financial, human and system resources:
(i) To operate a safe and efficient clearing or central depository facility;
(ii) To meet contingencies or disasters; and
(iii) To provide adequate security arrangements; and
(h) Ensure that it appoints or employs fit and proper persons as its chairman, chief executive officer, directors and key management officers;
(i) Maintain efficient risk management and internal controls; and
(j) Maintain a record of all transactions effected through its clearing or central depository facility in such form and manner as the CBB may prescribe, including:
(i) The extent to which the record includes details of each transaction in line with the applicable laws, rules and regulations related to the Know Your Client and the Prevention and Prohibition of Money Laundering; and
(ii) The period of time that the record is to be maintained.