New Rule and Sundry Amendments to the Rules and Regulations of the Commission

LEGEND: Additions are underlined; Deletions are ~~struck through~~.

New Rule

A. Rule on Warehousing and Collateral Management

Major Amendment

B. Amendment to Rule 19- Renewal of Registration (Reinstatement of Rule 19)

Sundry Amendment

C. Amendment to Quarterly Returns Forms for Unit Trust Schemes

NEW RULE

A. RULE ON WAREHOUSING AND COLLATERAL MANAGEMENT

1) DEFINITION OF TERMS

In this Rule, unless the context otherwise requires:

“Assayer” is an entity (person/institution) recognized by the relevant professional body that certifies and grades the commodities that are delivered in registered warehouses.

“Collateral Management Company” or “CMC” means a Company registered by the Commission to provide collateral management services;

“Collateral Management Services” means the activity of managing commodities as collateral, including but not limited to the following:
I. Providing enabling arrangements for collateral commodity financing;
II. Issuance of credible Warehouse receipts and other necessary arrangements for agricultural commodity financing;
III. provision of quality warehousing services involving storage and preservation of commodities; and
IV. Stock audit, evaluation and verification services.

[... continued for all sections of the document ...]

MAJOR AMENDMENT

B. RENEWAL OF REGISTRATION (REINSTATEMENT OF RULE 19)

(1) (a) All Capital Market Operators shall file applications for renewal of their registration every year. (b) Every Capital Market Operator shall renew its registration by filing the appropriate SEC form as contained in the Schedules to these Rules and Regulations.

(2) Every Capital Market Operator shall file an application for renewal of registration not later than 31st January of every year.