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Article 14
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A CSDE shall establish its Rules of Operation in connection with the following matters and submit such rules to the FSC for approval. This also applies in the occasion of amendment.
- Business hours and holidays.
- Opening and closure of accounts.
- Subjects to which the securities custody service will be provided and the method of custody.
- Matters concerning account books of securities in the custody.
- Matters concerning book-entry of securities in the custody.
- Matters concerning pledge of securities in the custody.
- Matters concerning distribution of securities through book-entry system.
- Matters concerning transfer of securities in the custody.
- Matters concerning delivery and withdrawal of securities in the custody.
- Processing of matters relating to loss, defect, or destruction of securities in the custody.
- Matters concerning the control of deposit and withdrawal of securities in the custody and its storage management.
- Matters concerning registration of issuance of book-entry securities.
- Other matters relating to custody and book-entry.
The business operation of a CSDE shall be conducted in accordance with the Rules of Operation as provided in the preceding paragraph.
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