This section stipulates the procedures to be complied with by DPs with respect to:
1.Hereditary transfers of securities already deposited in the CSD
2.Donations
3.Gifts
4.Other dispositions of eligible securities with prior approval of the BOG/SEC
10.1 The Investor will hand over duly completed and signed Securities Private Transfer Form (CSD 8) accompanied by relevant supporting documents to his DP.
10.2 The DP will verify instructions and signature of investor and will acknowledge receipt of the transfer request by returning to the investor relevant copies of the Private Transfer Form duly signed, stamped and dated.
10.3 The DP will deliver two copies of the duly signed Private Transfer Form together with supporting documents to CSD.
10.4 The CSD will check whether the information provided in the Private Transfer form is in conformity with the provisions of the SEC/BOG requirements for private transfers. If they fulfill all laid down requirements, CSD shall approve them for transfer
10.5 The CSD will immediately effect the transfer of Securities.
