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Section 30

Entries in securities accounts

of Securities Industry (Central Depositories) Act 1991

ActIn forceProvision 35 of 78
Section 30

An entry in a securities account in respect of a dealing shall—

(a)

in the case of a securities account established and maintained directly by a central depository, be deemed to have been made by, or with the authority of, the central depository; and

(b)

in the case of a securities account established through, and maintained by, an authorized depository agent on behalf of a central depository, be deemed to have been made by, or with the authority of, the authorized depository agent.