Malaysia legislation
Section 27
Section 27
(1)
A central depository shall keep or cause to be kept such records and accounts, in sufficient detail, so as to show particulars of—
(a)
all moneys received or paid by the central depository, including dividends received in respect of any deposited securities and the disbursement of such dividends to depositors;
42 Laws of Malaysia ACT 453
(b)
all income received from commissions, fees, charges and other sources, and all expenses, commissions, and other payments made or paid by the central depository;
(c)
all assets and liabilities (including contingent liabilities)
of the central depository;
(d)
all deposited securities and particulars showing for whom the scrips and the instruments of transfer in respect of such scrips are held;
(e)
all purchases and sales of deposited securities and particulars of other dealings made in respect thereof, the charges and credits arising therefrom, the identity of the buyer and seller of each of those deposited securities or, in the case of other dealings, the identity of the persons executing such dealings and the persons in whose favour such dealings are executed, as the case may be.
(2)
An entry in the records or accounts shall specify the date and time of making such entry and, in the case of an entry made by a person, the identity of such person.
(3)
An entry in the records or accounts of a central depository shall, unless the contrary is proved, be deemed to have been made by, or with the authority of the central depository.
(4)
The provisions of this section shall apply, mutatis mutandis, to every authorized depository agent.
Physical stock count of scrips