 |
 |
JASDEC have passed a resolution for “Basic Scheme for Central Depository and Book-Entry Transfer of Foreign Stocks”. |
Japan Securities Depository Center, Inc. (JASDEC) has passed a resolution for “Basic Scheme for Central Depository and Book-Entry Transfer of Foreign Stocks” at the board of directors on January 27, 2006 in order to commence custody and book entry transfer business for foreign stocks listed on domestic exchanges.
JASDEC is scheduled to launch custody and book entry transfer business from the end of April this year transferring deposited shares with respect to each CSD from Japan Securities Settlement & Custody, Inc., that currently conducts such business.
JASDEC proceeds related procedure and preparation for framework as well as custody and book entry transfer system and so forth in accordance with the Basic Scheme.
|
|
 |
Copyright