This section describes the procedures to be complied with by the Receiving DP with respect toaccepting, verifying, filing of Securities Transfer Forms and submission of the transfer documents to CSD. This applies to transfer where there is no change in beneficial ownership.
9.1 The Investor will submit in triplicate duly completed and signed Securities Transfer Form CSD 5 to the receiving DP. The receiving DP shall ensure that the investor signs a new Account Opening Form (using client’s existing CSD ID) and submits supporting documents for its records. This (i.e. procedure 9.1) applies when the client is not already registered with the receiving DP.
9.2 The Receiving DP shall register the client in the CSD using the existing Client ID
9.3 The Receiving DPs will verify the instructions and signature of investor and will acknowledge receipt of the transfer request by returning to the investor a copy of the Securities Transfer Form, duly signed.
9.4 The Receiving DPs will deliver by its authorized personnel relevant copies of duly signed Securities Transfer Form to CSD.
9.5 Requests for transfer of securities accounts from receiving DPs must reach CSD by 1:00 pm, if the transfer is required the same day. Transfers received after 1:00 pm will be processed the following day.
9.6 The CSD will acknowledge receipt of transfer documents by handing over a copy of the Securities Transfer Form, duly signed.
9.7 The CSD will check whether the transfer request is in conformity with the Rules and Procedures and will immediately effect the transfer of Securities: or
9.8 The CSD will within one business day reject, giving reasons for rejection, and return for collection by receiving DP‟s authorized personnel incomplete transfer documents.
