With effect from the dematerialisation date and despite any provision in a trust deed of a collective investment scheme, a reference to

(a) a register of a collective investment scheme, is a reference to the record of depositors maintained by the depository,

(b) a transfer of interest in a collective investment scheme from one investor to another, is a reference to a book-entry transfer by the central securities depository, and

(c) a certificate issued as evidence of an interest in a collective investment scheme, is a statement of account issued by the depository.