Securities Industry (Central Depositories) Act 1991 · Updated to 11 Apr 1991 · Part II · Central Depository
5B. Effect of withdrawal
Feedback & supportAny withdrawal of approval or direction issued under section 5A shall not operate so as to—
avoid or affect any agreement, transaction or arrangement entered into on the computer system operated by the central depository, whether the agreement, transaction or arrangement was entered into before or, where subsection 5A(4) applies, after the withdrawal of the approval or issuance of the direction under section 5A; or
computer system
―computer system‖, in relation to a central depository, means the computer system established by a central depository forming part of the system for the central handling of securities which inter alia consists of— (a) the central equipment comprising hardware, and software associated with that hardware, located at the premises of the central depository; and (b) the terminals located at the premises of the users;
affect any right, obligation or liability arising under such agreement, transaction or arrangement.
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Arrangements as to the discharge of duties of exchange holding company and central depository
exchange holding company
―exchange holding company‖ has the same meaning as is assigned to that expression under subsection 2(1) of the *Securities Industry Act 1983;