Malaysia legislation
Section 12
Section 12
Duties of a central depository
(a)
to facilitate efficient deposit of securities;
(b)
to facilitate registration of dealings in deposited securities;
(c)
to ensure the safe custody of scrips and other documents representing deposited securities;
Securities Industry (Central Depositories) 31
(d)
to guard against falsification of any records or accounts required to be kept or maintained under the Act; and
(e)
to establish a proper and efficient system for the verification, inspection, identification and recording of all securities deposited with the central depository.
(2)
The Minister may, from time to time, prescribe other duties to be performed by a central depository as he considers appropriate.
Authorized depository agent