81SU. Power of Authority to make regulations

rights and obligations of persons in relation to securities dealt with under the Central Depository System;

procedures for the deposit and custody of securities and the transfer of title to book‑entry securities and the regulation of persons concerned in that operation;

matters relating to security interest in book‑entry securities;

keeping of depositors’ accounts by the Depository and sub‑accounts by the depository agents;

keeping of the Depository Register and of records generally;

safeguards for depositors including the maintenance of insurance and the establishment and maintenance of compensation funds by the Depository for the purpose of settling claims by depositors;

matters relating to linkages between the Depository and other securities depositories (by whatever name called) established and maintained outside Singapore;

any requirement for fees charged by the Depository to be approved by the Authority;

the modification or exclusion of any provision of any written law, rule of law, any instrument or constitution;

the application, with such modifications as may be required, of the provisions of any written law, instrument or constitution; and

such supplementary, incidental, saving or transitional provisions as may be necessary or expedient.

that the Authority may require the Depository to provide it with such information or documents as the Authority considers necessary for such approval; and

that any contravention of any specified provision in the regulations shall be an offence punishable with a fine not exceeding $150,000 and, in the case of a continuing offence, with a further fine not exceeding 10% of the maximum fine prescribed for that offence for every day or part of a day during which the offence continues after conviction.