The CBB may issue directions by notice in writing either of a general or specific nature to a licensed clearing house or licensed central depository, and the licensed clearing house or licensed central depository shall comply with such directions, if the CBB considers it necessary or expedient:

(a) For ensuring the safe and efficient clearing and settlement of transactions through review of system mechanisms and establishment of operating standards;
(b) For ensuring the integrity and stability of the capital markets or the financial system;
(c) In the interests of the public or a section of the public, or for the protection of investors;
(d) For the effective administration of the CBB Law and regulations; or
(e) For ensuring compliance with any condition or restriction as may be imposed by the CBB.
Amended: April 2016