42. Duty to take reasonable security measures

Terms defined in s 2

• access

  access

  Defined · s 2

  ―access‖, in relation to a computer system, means the placing of information on that system and the retrieval of information from that system;

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• authorized depository agent

  authorized depository agent

  Defined · s 2

  ―authorized depository agent‖, in relation to any central depository, means a person appointed under section 13 to be an agent of that central depository;

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• central depository

  central depository

  Defined · s 2

  ―central depository‖ means a company approved by the Minister under section 5— Securities Industry (Central Depositories) 11 (a) to establish and operate a system for the central handling of securities, whether or not listed on any stock exchange,— (i) whereby all such securities are deposited with and held in custody by, or registered in the name of, the company or its nominee company for the depositors and dealings in respect of those securities are effected by means of entries in securities accounts without the physical delivery of scrips; or (ii) which permits or facilitates the settlement of securities transactions or dealings in securities without the physical delivery of scrips; and (b) to provide other facilities and services incidental thereto;

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• information

  information

  Defined · s 2

  ―information‖ includes data recorded in a form which can be processed by equipment operating automatically in response to instructions given for a particular purpose;

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• security

  security

  Defined · s 2

  ―security‖ means debenture, note, stock and share in a public company or corporation, or bond of any government or of any body, corporate or unincorporate, and includes any right or option in respect thereof, any interest as defined in section 84 of the Companies Act 1965 and any interest in a unit trust scheme;

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