Settlement under these Rules will be conducted based on Settlement Instructions. Each Settlement Participant irrevocably authorises CDP to act on any Settlement Instruction submitted by the Settlement Participant or on its behalf as provided in these Rules.

Added on 10 December 201810 December 2018.

Each Settlement Participant that submits a Settlement Instruction warrants to CDP and every other Settlement Participant that the Settlement Instruction is accurate and that it is authorised to deliver to or from the Securities Account named in the Settlement Instruction.

Added on 10 December 201810 December 2018.

Notwithstanding Rule 4.1.2, if CDP is made aware that a Settlement Participant submitted a Settlement Instruction that is not accurate, or that the Settlement Participant is not authorised to deliver to or from the Securities Account named in the Settlement Instruction, CDP may, in its absolute discretion, vary, cancel or refuse to accept or execute such Settlement Instruction. Nothing in this Rule shall oblige CDP, and CDP shall have no duty, to enquire into whether a Settlement Instruction is accurate, or whether a Settlement Participant is authorised to deliver to or from the Securities Account named in a Settlement Instruction.

Added on 10 December 201810 December 2018.