Print Options

(1) A central securities depository may give access to its computer system to

(a) its agents,

(b) a stock exchange on which book-entry securities are listed,

(c) a clearing house of a stock exchange,

(d) issuers, and

(e) any other person as may be prescribed by the Commission by Regulations made under this Act.

(2)The Commission may, prescribe rules, to provide for the extent to which a user or class of users can or cannot have access to the system for the purpose of regulating access to the computer system of a central securities depository.

(3) A person who

(a) being a user, unlawfully gains access or attempts to gain access to a computer system of a central securities depository,

(b) unlawfully gains access, or attempts to gain access to a computer system of a central depository, or

(c) unlawfully interferes with, impedes or attempts to interfere with or impede, the operation of a computer system of a central securities depository  commits an offence and is liable on summary conviction to a fine of seven hundred penalty units or to a term of imprisonment not exceeding five years or to both.