Interpretation of this Part
133.  In this Part, unless the context otherwise requires —
“book-entry MAS securities” means any securities issued by the Authority under this Part in the form of an entry in the records of the Authority;
“depositary institution” means a financial institution approved by the Authority which regularly —
(a)accepts in the course of its business book-entry MAS securities by way of a custodial service for its customers; and
(b)maintains accounts in the names of its customers reflecting ownership or interest in such book-entry MAS securities;
“depositor” means any person in whose name an account is established and maintained on the records of the Authority;
“pledge” includes a pledge of, or any security interest in, book-entry MAS securities —
(a)as collateral for loans or advances; or
(b)to secure the performance of an obligation;
“security interest” means an interest, not being an interest arising from a trust, in property which secures the payment of a debt or performance of an obligation.
[Act 9 of 2013 wef 18/04/2013]
[Act 31 of 2017 wef 04/06/2018]