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Section 21

Central depository deemed a bare trustee

of Securities Industry (Central Depositories) Act 1991

ActIn forceProvision 24 of 78
Section 21

For the purposes of paragraph 6A(9)(a) of the Companies Act 1965, a central depository or its nominee company shall, in relation to deposited securities which are registered in its name, be deemed to be a bare trustee.

DIVISION II

Read in full context — Securities Industry (Central Depositories) Act 1991 →