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CDP Depository Rules

3.1 Obligations of Resigning Depository Agent

If a Depository Agent wishes to resign it shall:

3.1.1 give not less than three months' written notice to the Depository of its intention to resign and the effective date of resignation. The Depository may, at its discretion, vary or waive the three months' notice;
3.1.2 pay all outstanding charges owing to the Depository as at the effective date of resignation;
3.1.3 fulfill all outstanding obligations to the Depository, including furnishing of an auditor's certificate or a banker's guarantee; and
3.1.4 until its resignation is effective, continue to comply with the Depository Agent Terms.
Amended on 15 July 2026.

3.2 Resigning Depository Agent's Outstanding Liabilities

Notwithstanding the resignation, the Depository Agent shall remain liable for all outstanding liabilities owing to the Depository under the Depository Agent Terms.

Amended on 15 July 2026.

3.3 Resigning Depository Agent’s Management of Sub-Accounts

3.3.1 A Depository Agent shall, upon giving the Depository its notice of resignation:

(a) give written notice of its resignation to its Sub-Account Holders; and
(b) prior to the effective date of its resignation, transfer the Deposited Securities that it holds for its Sub-Account Holders to such other Depository Agent(s) or accounts indicated by the Sub-Account Holders.

3.3.2 Notwithstanding the intended effective date of resignation notified to the Depository, a Depository Agent’s resignation shall not be effective until it ceases to hold any Deposited Securities for clients.

Amended on 15 July 2026.

3.4 Obligations of Depository to Depository Agent on Resignation

From the effective date of resignation of any Depository Agent, the Depository is not obliged to perform any of its obligations under these CDP Rules to the Depository Agent in respect of Sub-Accounts maintained with the Depository Agent.

Amended on 15 July 2026.