SGX Rulebooks
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Future version: Effective from 21 Aug 2026

4.13.1 Pending the registration of GLB Securities in the name of the Depository or its nominee, the Depository may restrict, as it deems fit, the transfer or sale of GLB Securities credited to the Securities Account of a Depositor notwithstanding that the GLB Securities are in the free balance of the Securities Account.

4.13.2 In the event of any discrepancy between the quantity of GLB Securities registered in the name of the Depository or its nominee and the aggregate quantity of GLB Securities credited by the Depository into Securities Accounts prior to such registration, the Depository shall be entitled to (a) make adjustments to any of the Securities Accounts by debiting GLB Securities from or crediting GLB Securities to the Securities Account as the case may be; and/or (b) restrict, as it deems fit, the transfer or sale of GLB Securities credited to the Securities Account of a Depositor notwithstanding that the GLB Securities are in the free balance of the Securities Account.

4.13.3 Without prejudice to the generality of Rules 13 and 14:

(a) The Depository shall not be liable, and a Depositor hereby waives all claims against the Depository, for any expenses, loss, charge, costs or damages of any kind (whether direct, indirect or consequential losses or other economic loss of any kind, including without limitation loss of profit, loss of reputation and loss of opportunity) (collectively, “Losses”) incurred or suffered by the Depositor as a result of or in connection with the Depository’s crediting or debiting of GLB Securities in or from the Depositor’s Securities Account, including but not limited to (i) where the GLB Securities have not yet been issued, and registered in the name of the Depository or its nominee; (ii) where there is any discrepancy as described in Rule 4.13.2; (iii) where any actions are taken by the Depository pursuant to Rule 4.13.2; (iv) where there is any delay in the registration of GLB Securities in the name of the Depository or its nominee; and (v) where there are any transactions in or any settlement failure of any transactions in the GLB Securities.

(b) The Depository disclaims any and all guarantees, representations and warranties, expressed or implied, in relation to (i) the acceptance of GLB Securities that have not been issued, and registered in the name of the Depository or its nominee, for deposit, custody, clearing or book-entry settlement; and (ii) the crediting of a Securities Account with the deposit of such GLB Securities and shall not be responsible or liable (whether under contract, tort (including negligence) or otherwise) for any Losses incurred or suffered by any person due to or in connection with any reliance on such matters as set out in this Rule 4.13.3(b).

(c) In no event shall the Depository be liable to any Sub-Account Holder in respect of the Depository’s crediting or debiting of GLB Securities to or from a Securities Account and a Depository Agent shall indemnify the Depository against all claims by the Sub- Account Holder arising therefrom.

Added on 21 August 2026.