A central securities depository —
| (b) |
may amend or suspend the depository rules in terms of section 61; |
| (e) |
may hold all securities of the same kind deposited with it by a participant collectively in a separate central securities repository; |
| (f) |
must maintain a central securities account with due regard to the interests of the participant and its clients; |
| (g) |
must notify a participant in writing or as otherwise agreed to by the participant of an entry made in the participant’s central securities account; |
| (h) |
must balance and reconcile the aggregate of the central securities accounts with the records of the relevant issuer — |
| (i) |
in respect of each kind of certificated security, not less than once every six months; |
| (ii) |
in respect of each kind of uncertificated security— |
| (aa) |
if that aggregate has not changed, not less than once every month; |
| (bb) |
if that aggregate has changed, on the business day after such change; |
| (i) |
must administer and maintain a record of uncertificated securities deposited with it; |
| (j) |
is entitled to access to the records of uncertificated securities administered and maintained by its participants; |
| (l) |
must disclose to participants and issuers the fees and charges required by it for its services; |
| (m) |
must on request disclose to— |
| (i) |
the registrar information about the securities held by a participant in a central securities account; |
| (ii) |
an issuer information about the securities issued by that issuer and held by participants in central securities accounts; |
| (n) |
must, if a participant ceases to be a participant, notify the registrar thereof as soon as possible; and |
(o)must conduct its business in a prudent manner and with due regard to the rights of participants, clients and issuers.
Basic Conditions of Employment Act, 1997
