Singapore legislation
Regulation 5
of Securities and Futures (Central Depository System) Regulations 2015
Regulation 5
Duties of Depository
Subregulation 1
The Depository must establish and maintain a system of procedures to enable and facilitate the evidencing and transfer of title to book‑entry securities.
Subregulation 2
In particular, and without prejudice to the generality of paragraph (1), the Depository must establish or cause to be established all such procedures as may be necessary —
to facilitate the deposit and withdrawal of documents evidencing title in relation to book‑entry securities;
to ensure orderly dealings in, and registration of, book‑entry securities;
to ensure the safe custody of documents evidencing title deposited with the Depository; and
to ensure as far as is reasonably practicable that the risk of error and fraud is reduced and in particular to ensure that the access to the computerised Central Depository System is regulated.