Regulation 32

that the account shall be designated as that of the customer or customers;

that the custodian shall hold and record the assets in accordance with the holder’s instructions; and the records shall identify the assets as belonging to the holder’s customer and the assets shall be kept separate from any asset belonging to the holder or to the custodian;

that the custodian shall not claim any lien, right of retention or sale over any asset standing to the credit of the custody account, except —

where the holder has obtained the customer’s written consent and notified the custodian in writing of the written consent; or (ii)in respect of any charges as agreed upon in the terms and conditions relating to the administration or custody of the asset;

that the custodian shall provide sufficient information to the holder in order that the holder may comply with its record-keeping obligations under the Act or these Regulations or under any other law;

the person in whose name the assets are registered;

that the custodian shall not permit any withdrawal of the assets from the custody account, except for delivery of the assets to the holder or on the holder’s written instructions;

the arrangements for dealing with any entitlement arising from the assets in the custody account, such as coupon or interest payment; (h)the extent of the custodian’s liability in the event of any loss of the assets maintained in the custody account caused by fraud or negligence on the part of the custodian or any of the custodian’s agents; and

the applicable fees and costs for the custody of the assets.