Section 17

Terms defined in this Act

• Act

  Act

  Defined · s 2

  ―Act‖ includes any regulations made under this Act;

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• central depository

  central depository

  Defined · s 2

  ―central depository‖ means a company approved by the Minister under section 5— Securities Industry (Central Depositories) 11 (a) to establish and operate a system for the central handling of securities, whether or not listed on any stock exchange,— (i) whereby all such securities are deposited with and held in custody by, or registered in the name of, the company or its nominee company for the depositors and dealings in respect of those securities are effected by means of entries in securities accounts without the physical delivery of scrips; or (ii) which permits or facilitates the settlement of securities transactions or dealings in securities without the physical delivery of scrips; and (b) to provide other facilities and services incidental thereto;

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• depositor

  depositor

  Defined · s 2

  ―depositor‖ means a holder of a securities account;

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• issuer

  issuer

  Defined · s 2

  ―issuer‖, in relation to any deposited security, means the public company, corporation, government, or the body, corporate or unincorporate, which issued the security, and includes any person performing the functions of a registrar or an issuing house for such issuer in respect of such security;

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• nominee company

  nominee company

  Defined · s 2

  ―nominee company‖, in relation to a central depository, means a company appointed by the central depository for the purpose of holding any deposited security;

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• prescribed date

  prescribed date

  Defined · s 11

  ―prescribed date‖, in relation to any prescribed security, means the date specified in the notice given by a stock exchange under subsection 14(3) as being the last day on which the prescribed security may be traded on a stock market of the stock exchange unless such security has been deposited with the central depository;

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• prescribed security

  prescribed security

  Defined · s 11

  ―prescribed security‖ means a security which has been prescribed by a stock exchange to be deposited with a central depository under subsection 14(3);

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• rules

  rules

  Defined · s 2

  ―rules‖, in relation to— (a) a central depository, means the rules of a central depository, and includes— (i) rules contained in the memorandum and articles of association or other constituent document of the central depository; (ii) rules to ensure compliance by its authorized depository agents, users or depositors of any obligations imposed by this Act or any other written law; (iii) rules in relation to the provision of services for the deposit, holding, transfer and withdrawal of securities, and the suspension or withdrawal of such services; (iv) rules to provide for the persons who may participate in one or more of the services referred to in subparagraph (iii); and (v) rules in respect of such other matters as are necessary or desirable for the proper and efficient operation and management of the central depository, including rules setting fees and charges; and Securities Industry (Central Depositories) 15 (b) an exchange holding company, means the memorandum and articles of association, including rules regulating the activities and conduct of the company in its capacity as an exchange holding company;

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• scrip

  scrip

  Defined · s 2

  ―scrip‖ means any document that is, or is a document of title to, a security;

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• security

  security

  Defined · s 2

  ―security‖ means debenture, note, stock and share in a public company or corporation, or bond of any government or of any body, corporate or unincorporate, and includes any right or option in respect thereof, any interest as defined in section 84 of the Companies Act 1965 and any interest in a unit trust scheme;

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• stock exchange

  stock exchange

  Defined · s 2

  ―stock exchange‖ has the same meaning as is assigned to that expression under subsection 2(1) of the *Securities Industry Act 1983; *NOTE—This Act has since been repealed by Capital Market and Services Act 2007 which comes into operation on 28 September 2007 except Division 2 of Part VI which comes into operation on 1 April 2010–see subsection 381(2)…

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• stock market

  stock market

  Defined · s 2

  ―stock market‖ has the same meaning as is assigned to that expression under subsection 2(1) of the *Securities Industry Act 1983;

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