Section 31
Entries in securities accounts in respect of direct business, etc.
of Securities Industry (Central Depositories) Act 1991
Subject to subsection (2), a central depository and an authorized depository agent shall make an entry in the securities account in respect of direct business or other transactions executed in accordance with the rules of the central depository or the rules of the stock exchange, as the case may be.
(2)
The central depository or an authorized depository agent, as the case may be, may, before making an entry under subsection (1), require the production of any document or instrument evidencing such dealing.
46 Laws of Malaysia ACT 453
(3)
For the purpose of subsection (1), ―direct business‖ has the same meaning as is assigned to that expression in the rules of the stock exchange.
Entries in securities accounts to specify date, time and person making the entries