CmaBylaw
Executive Bylaws
2-2-3 Of Module Four: Securities Exchanges and Clearing Agencies
Section: Chapter Two: Clearing Agencies
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Sunday, 05 February 2017
In the event that a Clearing Agency is licensed for more than one of the activities set out in Article (2-2-2) of this Module, such a Clearing Agency shall practice the activities, related to safekeeping of Securities within a Central Securities Depository, Security settlement system or Central Counter Party, through companies with independent financial liability that each are licensed by the Authority.
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