Future version: Effective from 15 Jul 2026
6.1C.1 A Depository Agent shall not carry out any transaction in respect of the Deposited Securities held for a Sub-Account Holder unless authorised by the Sub-Account Holder to do so.
6.1C.2 Notwithstanding any authority given by a Sub-Account Holder, a Depository Agent shall not use the Deposited Securities held for the Sub-Account Holder to settle any obligations other than those of the Sub-Account Holder unless:
(a) the Deposited Securities are used in connection with a borrowing or lending arrangement in respect of the Deposited Securities; and
(b) the Depository Agent complies with the relevant laws in relation to the borrowing or lending of the Deposited Securities.
Added on 15 July 2026.