Custody Entity definition
Examples of Custody Entity in a sentence
You have no obligations to ensure that your Securities Transfer Tax is paid on any purchase as this is collectively the responsibility of the Custody Entity, Strate and the relevant JSE member.
The Custody Entity deducts the Securities Transfer Tax from your Transaction Platform Account at the time the Transaction occurs.
The Custody Entity pays the Securities Transfer Tax as part of settlement obligations for Strate settlement processes which process facilitates your compliance with your obligations to the South African Revenue Services in this regard.
Only in the event that You wish to replace the Custody Entity as registered shareholder of Your MTNZF Shares with another registered shareholder will You be required to conclude a MTNZF BEE Contract in respect of Your MTNZF Shares.
Those arrangements will continue to apply for so long as You hold those MTNZF Shares in dematerialised form in the name of the Custody Entity.
It is recorded that the settlement of a Transaction which occurs pursuant to an Order to Buy or Order to Sell shall be governed by the Custody Entity Mandate.
Only in the event that You wish to replace the Custody Entity as registered shareholder of Your Shares with another registered shareholder will You be required to conclude an MTN Zakhele BEE Contract in respect of Your Shares.
Those arrangements will continue to apply for so long as You hold those Shares in dematerialised form in the name of the Custody Entity.
Only in the event that You wish to replace the Custody Entity as the Registered Shareholder of Your YeboYethu Ordinary Shares with another Registered Shareholder will You be required to conclude a new YeboYethu BEE Contract in respect of Your YeboYethu Ordinary Shares.
Those arrangements will continue to apply for so long as You hold those YeboYethu Ordinary Shares in dematerialised form in the name of the Custody Entity.