Rulebooks: Contents

Rulebooks
Mainboard Rules
Catalist Rules
SGX-ST Rules
CDP Clearing Rules
DVP Rules
CDP Depository Rules
1 Application
2 Admission Criteria for Depository Agents
3 Resignation by Depository Agent
4 Deposit and Withdrawal of Securities
5 Securities Account
6 Duties of Depository Agents
6.1 Opening of Sub-Accounts
7 Transactions and Confirmation Notes
8 Sub-Accounts
9 Undertakings of the Depository Agent
10 Termination
11 Fees and Expenses
12 Violation of CDP Rules
13 Liability
14 Indemnity
15 General
16 Applicable Law
17 Definitions and Interpretation
Futures Trading Rules
SGX-DC Clearing Rules
SIAC DT Arbitration Rules
SIAC DC Arbitration Rules
Rule Amendments

6.1 Opening of Sub-Accounts

A Depository Agent shall carry out the following obligations and obtain an external auditors' certification that it has complied with such obligations:

6.1.1 open and maintain one or more Sub-Accounts for all Deposited Securities held for its own account.
6.1.2 open and maintain a separate Sub-Account for each of its clients for all Deposited Securities held on account of such clients.
6.1.3 at all times segregate the Deposited Securities held in each Sub-Account from those held in other Sub-Accounts.
6.1.4 at all times segregate Deposited Securities held for its own account from Deposited Securities held for the account of each of its clients.

For the purpose of Rules 6.1.2 and 6.1.4, the Depository Agent's clients shall include clients of the Depository Agent's clients who are the beneficial owners of the Deposited Securities.