CSD-4.3.1
The content of the rules of the
(a) The terms and conditions under which transactions will be conducted on a central depository ;
(b) The qualifications and standards for participation;
(c) The process and criteria for the admission, suspension and termination of depository participants ;
(d) A decertification of the structure of the services;
(i) The legal obligations and rights of the central depository and depository participants arising from the use of the services, including any indemnity;
(ii) The legal obligations and rights of the central depository and depository participants relating to the holding of securities by the depository on behalf of depository participants , as recorded in accounts maintained by the central depository for depository participants ;
(iii) The decertification of the risk control mechanisms including system-operating caps, lines of credit, and depository participant funds;
(iv) The criteria for determining the type of collateral, and for calculating the amount of the collateral, to be charged by a depository participant with respect to a collateral pool or a depository participant fund;
(v) The process to be followed in the event of a depository participant suspension, and the realisation under the security interests and guarantees granted to the central depository ;
(vi) The process for adopting and amending the business rules, and for prescribing and amending the procedures and user guides; and
(vii) The legal obligations and rights of the central depository and depository participants relating to confidentiality and use of information; and
(e) The class or classes of transactions that may be conducted on a central depository.
Amended: April 2016