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(1) A depository may specify a deposited securities account to be in suspense

(a) where the transfer of the security in the name of the central securities depository or its nominee company is not registrable by the issuer,

(b) where an application for withdrawal of the security has been made by a depositor, or

(c) in circumstances prescribed by the depository under the central securities depository rules.

(2) A depository may specify that a book-entry security in a security account is under suspense

(a) where there is a need for the central securities depository to restrict the transfer, charge or mortgage of the security in the event of an objection or investigation made in accordance with the central securities depository rules, and

(b) where the depository has been instructed to restrict the movement of book-entry transfers by the Commission or by a court of competent jurisdiction.