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30. Customer’s assets held with approved clearing house, etc.

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Amended

Last amended by an amending law of 2018.

Despite regulations 26 and 27, the holder of a capital markets services licence to deal in capital markets products may deposit its customer’s assets with an approved clearing house, a recognised clearing house, a member of an organised market or a member of a clearing facility —

(a)

for the purpose of entering into, facilitating the continued holding of a position in, or facilitating a transaction in, any capital markets products on behalf of the customer on the organised market;

(b)

for the purpose of the clearing or settlement of any capital markets products on the clearing facility for the customer; or

(c)

for any other purpose specified under the business rules and practices of the approved clearing house, recognised clearing house, organised market or clearing facility, as the case may be.

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