These Rules apply to the settlement of securities and/or money through CDP.

Added on 10 December 201810 December 2018.

These Rules operate as a binding contract between CDP and each Settlement Participant, and between a Settlement Participant and any other Settlement Participant.

Added on 10 December 201810 December 2018.

Unless expressly provided to the contrary, all questions concerning the interpretation or application of or any other matter in connection with these Rules (including, without limitation, Directives) shall be determined by CDP, whose decision shall be final and binding on all parties.

Added on 10 December 201810 December 2018.

In the interpretation of any provision of these Rules, a construction that would promote the purpose or object underlying these Rules (whether the purpose is expressly stated in these Rules or not) is to be preferred to a construction that would not promote that purpose or object.

Added on 10 December 201810 December 2018.

A person who is not a party to these Rules has no right under the Contracts (Rights of Third Parties) Act 2001, to enforce or enjoy the benefit of these Rules, regardless of whether such person has been identified by name, as a member of a class or as answering a particular description.

Added on 10 December 201810 December 2018 and Amended on 18 January 2022.