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Securities Services Act, 2004 (Act No. 36 of 2004)

Chapter IV : Custody and Administration of Securities

General provisions relating to custody and administration of securities

42. Transfer of securities

 

Transfer of an interest in securities held by a central securities depository or participant must be effected by entry in the central securities account or securities account of the transferor and the transferee kept by the central securities depository or the participant, as the case may be.