(1) A depository shall issue statements of accounts to depositors, in respect of book-entry securities held by or registered in the name of the depository or its nominee company for the depositors at a time and in a manner prescribed.

(2) Despite subsection (1), a depositor may, require the depository to issue by written notice to the depositor, a statement of accounts in respect of book-entry securities held by or registered in the name of the depository or its nominee company on behalf of the depositor.

(3) A depository shall on receipt of a written notice and upon payment of charges which may be imposed under the central securities depository rules, issue to the depositor the statement of account required.