Section 17
of Securities Industry (Central Depositories) Act 1991
Section 17
A prescribed security may not, after the prescribed date, be traded on a stock market of a stock exchange unless such security has been deposited with a central depository.
(2)
(Deleted by Act A1039).
(3)
A prescribed security which is deposited by a depositor with the central depository shall be capable of being utilized to settle a transaction which took place on a stock market of a stock exchange prior to the date of deposit of that prescribed security if the issuer registers the transfer of the security underlying such scrip in the name of the central depository or its nominee company and delivers the appropriate certificate to the central depository before the date for settlement of the transaction in accordance with the rules of the stock exchange.