23. Security interests created by assignment to include all securities

Where any assignment of book‑entry securities is made in accordance with —

section 130N(2)(a) of the Companies Act (Cap. 50) in force immediately before 3 January 2016; or

section 81SS(2)(a) of the Act on or after 3 January 2016,the security interest so created is upon such assignment taking effect to include all book‑entry securities arising from or accruing or attaching to the book‑entry securities so assigned.