Date Issued: 02 August 2005
Date Closed: 24 August 2005
Status: Completed
CDP AMENDS CDP RULES AND PROCEDURES The Central Depository (Pte) Limited has issued a Consultation Paper with proposed amendments to the CDP Rules and Procedures ("CDP Rules") which have been in effect since 23 April 1990. It is inviting feedback from Depository Agents between 2 August and 24 August 2005.
The amendments aim to:
1. retain or insert new Rules, the subject matter of which is required by the Companies Act to be provided for in the CDP Rules.
2. amend existing Rules, to be in line with the practices adopted by other depositories or custodians.
3. update the Rules to be in line with the relevant legislation.
4. streamline the Rules, by removing:
- Rules which are incorporated in other rules, agreements or terms and conditions;
- Rules of procedural nature.
5. create and/or retain a framework setting out the duties of Depository Agents.
Depository Agents may access the Consultation Paper, the draft amended CDP Rules and the audit trail of the proposed rules changes on SGX’s website at www.sgx.com. They can give their feedback via:
| Post/Courier: | The Central Depository (Pte) Limited
4 Shenton Way, #02-01,
SGX Centre2,
Singapore 068807 |
| Attn: | Ms Evelyn Tan, Vice President |
| Fax: | (65) 6535 0775 |
| SGX Consultation Paper - 02 August 2005 |
| Title | (In PDF) |
| Proposed amendment to CDP Rules & Procedures | |
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