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The Association of Global Custodians: 2007 - 2008 Questionnaire
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SCOPE, STRUCTURE, OWNERSHIP, CAPITAL, REGULATION AND AUDIT
The purpose of this section is to understand the ownership structure and financial strength of your institution, as well as the level of regulatory and operational supervision to which it is subject.

Scope, Structure, Ownership
 1 
Rule 17f-7, by reference to Rule 17f-4, requires that, for a depository to be eligible to hold securities of U.S. registered investment companies (such depositories hereinafter referred to as "Eligible Securities Depositories"), the depository must be a "system for the central handling of securities where all securities of any particular class or series of any issuer deposited within the system are treated as fungible and may be transferred or pledged by bookkeeping entry without physical delivery of the securities."

In particular, are all securities of a particular class or series of any issuer that are deposited in your institution treated as fungible, and can they be transferred or pledged by bookkeeping entry without physical delivery of the securities? clear radio button selections

Yes
No  - then answer 1a
Other  - then answer 1a


1a. Please explain:



 2 
Rule 17f-7 also requires that an Eligible Securities Depository "acts as or operates a system for the central handling of securities or equivalent book-entries in the country where it is incorporated," or "acts as or operates a transnational system for the central handling of securities or equivalent book-entries."

Does your institution: (Choose all that apply.)

Act as or operate a system for the central handling of securities or equivalent book-entries in the country where it is incorporated?  - then answer 2b
Act as or operate a transnational system for the central handling of securities or equivalent book-entries?  - then answer 2b
Act in another capacity with respect to the handling of securities or equivalent book-entries?  - then answer 2a
Not applicable  - then answer 2a
Other  - then answer 2a


2a. Please explain:




2b. Please specify the types of securities for which you act as or operate a system for the central handling of securities or equivalent book-entries:
Equities, Corporate Debts and Treasury Bills

Discussions have started with the central bank for the admittance of Government Bonds in the CDS.


 3 
What type of legal entity is the institution? (Choose all that apply.)

Public Company
Private Company
Central Bank (or part thereof)
Stock Exchange (or part thereof)
Other  - then answer 3a


3a. If other, please explain:



 4 
Is the institution operated as a "for profit" or a "not for profit" organization? clear radio button selections

For profit
Not for profit
Other  - then answer 4a


4a. If other, please explain:



 5 
Please provide the names of the owners and their ownership interest percentages.

Stock Exchange of Mauritius - 51%
Fincorp Investments Ltd - 3.33%
Promotion and Development Ltd - 6.67%
Mauritius Commercial Bank Ltd - 13.33%
Mauritius Computing Services Ltd - 0.33%
State Bank of Mauritius Ltd - 3.33%
United Docks Ltd - 1.67%
Swan Insurance Co. Ltd - 3.33%
State Investment Corporation Ltd - 1.33%
Harel Mallac Co. Ltd - 1.67%
Rogers Co. Ltd - 13.33%
Automatic Systems Ltd - 0.67%


 6 
What is the date of establishment of the depository? (DD/MM/YY)

01/07/1996


 7 
What is the date that the depository's operations began? (DD/MM/YY)

31/01/1997


 8 
Under what regulation or statute is the depository established and governed?

Securities (Central Depository, Clearing and Settlement) Act 1996
Constitution of the Central Depository & Settlement Co. Ltd
Securities Act 2005
  - then answer 8a


8a. Is the regulation or statute electronically available? clear radio button selections
Yes  - then answer 8b
No


8b. If regulation or statute is electronically available, please supply web address or upload document.
Securities (Central Depository, Clearing & Settlement) Act 1996



8c. If more than one link or document, please supply additional information here:
Constitution of CDS



8d. If more than one link or document, please supply additional information here:
Securities Act 2005



8e. If more than one link or document, please supply additional information here:
Amendments to Securities Act 2005



8f. If more than one link or document, please supply additional information here:
   



8g. Please provide details of the structure and composition of your Board together with their industry experience and responsibilities in governing the depository.

What are the qualifications to become a board member?
Composition of the Board
- 8 directors appointed by the Stock Exchange of Mauritius (SEM)
- A director appointed by the Minister to whom the responsibility of Financial Services is attributed
- A director appointed by the Minister to whom the responsibility of Finance is attributed
- A director appointed by the Bank of Mauritius
- 3 directors appointed in General Meeting by ordinary resolution (SEM is not entitled to vote on any resolution appointing such 3 directors)
- 1 executive director

Directors are generally persons holding executive positions in the financial services sector. The composition of the board seeks to achieve the following blend of knowledge, skills and experience needed by the company to discharge its responsibilities effectively: IT; Legal; Risk Management; Banking; Finance/Investment; Accountancy; Economics; Company Secretary; Stock Broking.



8h. What are the election procedures?
See 8g.
Ordinary resolution at General Meeting



8i. What is maximum length of time they can serve as a board member?
Term of office is one year but Directors are eligible for re-election or re-appointment



8j. Who is responsible for regulating the board members?
Corporate Governance Committee



8k. What is the extent of their voting powers?
Every Director has one vote
The Chairperson has a casting vote
A resolution of the Board shall be passed if it is agreed to by a majority of Directors present.


 9 
Rule 17f-7 requires that an Eligible Securities Depository "is regulated by a foreign financial regulatory authority as defined under section 2(a)(50) of the Act", with section 2(a)(50) establishing that "'foreign financial regulatory authority' means any (A) foreign securities authority, (B) other governmental body or foreign equivalent of a self-regulatory organization empowered by a foreign government to administer or enforce its laws relating to the regulation of fiduciaries, trusts, commercial lending, insurance, trading in contracts of sale of a commodity for future delivery, or other instruments traded on or subject to the rules of a contract market, board of trade or foreign equivalent, or other financial activities, or (C) membership organization a function of which is to regulate the participation of its members in activities listed above."

Who regulates the activities of the depository? (Choose all that apply.)

A governmental body or regulatory organization empowered to administer or enforce laws related to securities matters.
A governmental body or self-regulatory organization empowered to administer or enforce laws related to other financial activities.
A membership organization which regulates the participation of its members in securities matters or other financial activities.
Other.  - then answer 9a


9a. Please explain:



 10 
Please provide the name of the regulatory authority(ies) identified in question 9:

Financial Services Commission


 11 
Rule 17f-7 requires that an Eligible Securities Depository "is subject to periodic examination by regulatory authorities or independent accountants."

Is the depository subject to periodic examination by: (Choose all that apply.)

Regulatory authorities?
Independent accountants?
Other.  - then answer 11a


11a. Please explain:



 12 
What enforcement actions are available to the regulatory authority(ies) for breach of applicable statute or regulatory requirements? (Choose all that apply.)

Name of Authority (1):

Financial Services Commission
  - then answer 12a


12a.
Fines.
Restrictions on depository activities.
Suspension of depository activities.
Termination of depository activities.
Other.  - then answer 12b


12b. Please explain:
Under the new Securities Act 2005, the Financial Services Commission has the power to give directions to comply with statute and regulatory requirements. The Financial Services Commission may also apply to the Court for orders directing or securing compliance with the relevant provisions of the Securities (CDS) Act 1996, regulations or rules in such manner as the Court shall deem fit.



12c. Name of Authority (2):
Registrar of Companies
  - then answer 12d


12d.
Fines.
Restrictions on depository activities.
Suspension of depository activities.
Termination of depository activities.
Other.  - then answer 12e


12e. Please explain:



 13 
Has there been any use of such enforcement actions in the last three years? clear radio button selections

Yes  - then answer 13a
No
Other  - then answer 13a


13a. If yes or other, please explain:






Capital
 14 
Are annual financial statements publicly disclosed? clear radio button selections

Yes  - then answer 14a
No  - then answer 14c
Other  - then answer 14h


14a. If yes, the AGC requests a copy of the institution's annual report. Is the annual report available electronically? clear radio button selections
Yes  - then answer 14b
No. (If No, please send a copy of the annual report to the Washington office of Baker & McKenzie, 815 Connecticut Ave, NW, Washington, DC 20006, Attn: Robin Truesdale)


14b. If yes, please upload the document here or insert web link:
CDS Annual Report 2007



14f. If more than one document for 14b, please upload the additional document here or insert web link:
   



14g. If more than one document for 14b, please upload the document here or insert web link:
   



14c. If no, and annual report and/or financial statements are not disclosed, please state your share capital, reserves, and retained earnings (or equivalents as determined under local accounting standards).

Share Capital:

  - then answer 14d


14d. Reserves:

  - then answer 14e


14e. Retained Earnings:




14h. If other, please explain:






Audit

With respect to the depository's financial audit
 15 
Do internal auditors perform a financial audit? (Choose all that apply.)

Yes  - then answer 15a
No  >> take you to 16
Other  - then answer 15g


15a. If Yes, which department in your depository handles the financial audit?

  - then answer 15b


15b. How frequently does the financial audit occur? (Choose one.) clear radio button selections
Two or more times a year  - then answer 15d
Annually  - then answer 15d
Less than Annually  - then answer 15c
Other. Please explain in 15c.  - then answer 15c


15c. If less than annually or other, please explain:




15d. Are results of the financial audit publicly available? clear radio button selections
Yes  - then answer 15e
No  - then answer 15e


15e. Please select the statement that most accurately characterizes the results of the last financial audit: (Choose one.) clear radio button selections
No material exceptions found.
Minor exceptions found.  - then answer 15f
Material exceptions found.  - then answer 15f
Other  - then answer 15f


15f. If minor, material or "other" exceptions were found, what actions were taken? Please describe:




15g. If other, please explain:




15h. Please list the date of your last financial audit performed by internal auditors and the period that the audit covered:



 16 
Do independent external auditors perform a financial audit? (Choose all that apply.)

Yes  - then answer 16a
No  >> take you to 17
Other  - then answer 16h


16a. If yes, what is the name of the accountant/accounting firm that handles the financial audit?
Lamusse Sek Sum & Co
(A member of PKF Worldwide)
  - then answer 16b


16b. How frequently does the financial audit occur? (Choose one.) clear radio button selections
Two or more times a year  - then answer 16d
Annually  - then answer 16d
Less than Annually  - then answer 16c
Other. Please explain in 16g.  - then answer 16g


16c. If less than annually, please explain:




16d. Are results of the financial audit publicly available? clear radio button selections
Yes  - then answer 16e
No  - then answer 16e
Other  - then answer 16i


16e. Please select the statement that most accurately characterizes the results of the last financial audit: (Choose one.) clear radio button selections
No material exceptions found.
Minor exceptions found.  - then answer 16f
Material exceptions found.  - then answer 16f
Other  - then answer 16f


16f. If minor, material or "other" exceptions were found, what actions were taken? Please describe:




16i. If other, please explain:




16g. If other, please explain:




16h. If other, please explain:




16j. Please list the date of your last financial audit performed by independent external auditors and the period that the audit covered:
Date of last financial audit: August 2007
Period covered: 1 July 2006 to 30 June 2007


 17 
Do regulatory authorities perform a financial audit? (Choose all that apply.)

Yes  - then answer 17a
No  >> take you to 18
Other  - then answer 17h


17a. If Yes, what is the name of the regulatory authority that handles the financial audit?

  - then answer 17b


17b. How frequently does the financial audit occur? (Choose one.) clear radio button selections
Two or more times a year  - then answer 17d
Annually  - then answer 17d
Less than Annually  - then answer 17c
Other. Please explain in 17g.  - then answer 17g


17c. If less than annually, please explain:




17d. Are results of the financial audit publicly available? clear radio button selections
Yes  - then answer 17e
No  - then answer 17e


17e. Please select the statement that most accurately characterizes the results of the last financial audit: (Choose one.) clear radio button selections
No material exceptions found.
Minor exceptions found.  - then answer 17f
Material exceptions found.  - then answer 17f
Other  - then answer 17f


17f. If minor, material or "other" exceptions were found, what actions were taken? Please describe:




17g. If other, please explain:




17h. If other, please explain:




17i. Please list the date of your last financial audit performed by regulatory authorities and the period that the audit covered:



 18 
Do any other auditors perform a financial audit? (Choose all that apply.)

Yes  - then answer 18a
No  >> take you to 19
Other  - then answer 18h


18a. If Yes, please explain and identify by name?

  - then answer 18b


18b. How frequently does the financial audit occur? (Choose one.) clear radio button selections
Two or more times a year  - then answer 18d
Annually  - then answer 18d
Less than Annually  - then answer 18c
Other. Please explain in 18g.  - then answer 18g


18c. If less than annually, please explain:




18d. Are results of the financial audit publicly available? clear radio button selections
Yes  - then answer 18e
No  - then answer 18e


18e. Please select the statement that most accurately characterizes the results of the last financial audit: (Choose one.) clear radio button selections
No material exceptions found.
Minor exceptions found.  - then answer 18f
Material exceptions found.  - then answer 18f
Other  - then answer 18f


18f. If minor, material or "other" exceptions were found, what actions were taken? Please describe:




18g. If other, please explain:




18h. If other, please explain:




18i. Please list the date of your last financial audit performed by any other auditors and the period that the audit covered:






With respect to the depository's operational audit
 19 
Do internal auditors perform an operational audit? (Choose all that apply.)

Yes  - then answer 19a
No  >> take you to 20
Other  - then answer 19g


19a. If Yes, which department in your depository handles the operational audit?
The Finance and Administration Department
  - then answer 19b


19b. How frequently does the operational audit occur? (Choose one.) clear radio button selections
Two or more times a year
Annually
Less than Annually  - then answer 19c
Other. Please explain in 19c.  - then answer 19c


19c. If less than annually or other, please explain:




19d. Are results of the operational audit publicly available? clear radio button selections
Yes  - then answer 19e
No  - then answer 19e


19e. Please select the statement that most accurately characterizes the results of the last operational audit: (Choose one.) clear radio button selections
No material exceptions found.
Minor exceptions found.  - then answer 19f
Material exceptions found.  - then answer 19f
Other  - then answer 19f


19f. If minor, material or "other" exceptions were found, what actions were taken? Please describe:




19g. If other, please explain:




19h. Please list the date of your last operational audit performed by internal auditors and the period that the audit covered:
Date of last operational audit - August 2007
Period covered - July 2007
Internal operational audits are performed on a monthly basis.


 20 
Do independent external accountants perform an operational audit? (Choose all that apply.)

Yes  - then answer 20a
No  >> take you to 21
Other  - then answer 20h


20a. If Yes, what is the name of the accountant/accounting firm that handles the operational audit?
Lamusse Sek Sum & Co
(A member of PKF Worldwide)
  - then answer 20b


20b. How frequently does the operational audit occur? (Choose one.) clear radio button selections
Two or more times a year  - then answer 20d
Annually  - then answer 20d
Less than Annually  - then answer 20c
Other. Please explain in 20g.  - then answer 20g


20c. If less than annually, please explain:




20d. Are results of the operational audit publicly available? clear radio button selections
Yes  - then answer 20e
No  - then answer 20e


20e. Please select the statement that most accurately characterizes the results of the last operational audit: (Choose one.) clear radio button selections
No material exceptions found.
Minor exceptions found.  - then answer 20f
Material exceptions found.  - then answer 20f
Other  - then answer 20f


20f. If minor, material or "other" exceptions were found, what actions were taken? Please describe:




20g. If other, please explain:




20h. If other, please explain:




20i. Please list the date of your last operational audit performed by independent external accountants and the period that the audit covered:
Date performed: August 2007
Period covered: 1 June 2006 - 30 July 2007



 21 
Do regulatory authorities perform an operational audit? (Choose all that apply.)

Yes  - then answer 21a
No  >> take you to 22
Other  - then answer 21h


21a. If Yes, what is the name of the regulatory authority that handles the operational audit?

  - then answer 21b


21b. How frequently does the operational audit occur? (Choose one.) clear radio button selections
Two or more times a year  - then answer 21d
Annually  - then answer 21d
Less than Annually  - then answer 21c
Other. Please explain in 21g.  - then answer 21g


21c. If less than annually, please explain:




21d. Are results of the operational audit publicly available? clear radio button selections
Yes  - then answer 21e
No  - then answer 21e


21e. Please select the statement that most accurately characterizes the results of the last operational audit: (Choose one.) clear radio button selections
No material exceptions found.
Minor exceptions found.  - then answer 21f
Material exceptions found.  - then answer 21f
Other  - then answer 21f


21f. If minor, material or "other" exceptions were found, what actions were taken? Please describe:




21g. If other, please explain:




21h. If other, please explain:




21i. Please list the date of your last operational audit performed by regulatory authorities and the period that the audit covered:



 22 
Do any other auditors perform an operational audit? (Choose all that apply.)

Yes  - then answer 22a
No  >> take you to 23
Other  - then answer 22h


22a. If Yes, please explain and identify by name:

  - then answer 22b


22b. How frequently does the operational audit occur? (Choose one.) clear radio button selections
Two or more times a year  - then answer 22d
Annually  - then answer 22d
Less than Annually  - then answer 22c
Other. Please explain in 22g.  - then answer 22g


22c. If less than annually, please explain:




22d. Are results of the operational audit publicly available? clear radio button selections
Yes  - then answer 22e
No  - then answer 22e


22e. Please select the statement that most accurately characterizes the results of the last operational audit: (Choose one.) clear radio button selections
No material exceptions found.
Minor exceptions found.  - then answer 22f
Material exceptions found.  - then answer 22f
Other  - then answer 22f


22f. If minor, material or "other" exceptions were found, what actions were taken? Please describe:




22g. If other, please explain:




22h. If other, please explain:




22i. Please list the date of your last operational audit performed by any other auditors and the period that the audit covered:





PARTICIPANTS AND PARTICIPATION
The purpose of the section is to understand issues relating to participation in the depository, including eligibility requirements, conditions of participation, and supervision of participants.

Participant Eligibility Requirements
 23 
What types of entities are eligible to become participants and how many of each type are there currently? (Choose all that apply.)

Banks  - then answer 23a
Brokers  - then answer 23b
Individuals  - then answer 23c
Foreign Institutions  - then answer 23d
Other entities.  - then answer 23e
Not applicable


23a. How many Bank participants are there currently?
5
  - then answer 23g


23g. Please select the features included in the eligibility requirements for Banks. (Choose all that apply.)
Financial Thresholds  - then answer 23h
Regulatory Oversight  - then answer 23h
Market Experience  - then answer 23h
Other. Please explain in 23q.  - then answer 23q


23h. Where can a description of the specific eligibility requirements for Bank participants be found?
CDS Rules 2.1.1, 2.1.2, 2.1.3, 2.1.3.2 and The Schedule of Financial Resource Requirements - Bank participants should possess a valid banking license issued by the Bank of Mauritius (Central Bank)



23q. Please explain:




23b. How many Broker participants are there currently?
12
  - then answer 23i


23i. Please select the features included in the eligibility requirements for Brokers. (Choose all that apply.)
Financial Thresholds  - then answer 23j
Regulatory Oversight  - then answer 23j
Market Experience  - then answer 23j
Other. Please explain in 23r.  - then answer 23r


23j. Where can a description of the specific eligibility requirements for Broker participants be found?
CDS Rules 2.1.1, 2.1.2, 2.1.3, 2.1.3.2 and The Schedule of FInancial Resource Requirements. Regulatory Oversight - Stockbroking companies should possess a license issued by the Financial Services Commission (the regalutory Body) and be members of the Stock Exchange of Mauritius



23r. If other, please explain:




23c. How many Individual participants are there currently?

  - then answer 23k


23k. Please select the features included in the eligibility requirements for Individual participants. (Choose all that apply.)

Financial Thresholds  - then answer 23l
Regulatory Oversight  - then answer 23l
Market Experience  - then answer 23l
Other. Please explain in 23t.  - then answer 23t


23l. Where can a description of the specific eligibility requirements for Individual participants be found?




23t. If other, please explain:




23d. How many Foreign Institution participants are there currently?
0
  - then answer 23m


23m. Please select the features included in the eligibility requirements for Foreign Institution participants. (Choose all that apply.)
Financial Thresholds  - then answer 23n
Regulatory Oversight  - then answer 23n
Market Experience  - then answer 23n
Other. Please explain in 23u.  - then answer 23u


23n. Where can a description of the specific eligibility requirements for Foreign Institution participants be found?
CDS Rules 2.1.1, 2.1.2, 2.1.3



23u. If other, please explain:




23e. If you have selected "Other entities" above, please explain:
Government Institutions
  - then answer 23f


23f. Indicate how many "Other entities" are currently participants?
0
  - then answer 23o


23o. Please select the features included in the eligibility requirements for the participants referred to above as "Other entities". (Choose all that apply.)

Financial Threshold  - then answer 23p
Regulatory Oversight  - then answer 23p
Market Experience  - then answer 23p
Other. Please explain in 23s.  - then answer 23s


23p. Where can a description of the specific eligibility requirements for participants describe above as "Other entities" be found?

CDS Rules 2.1.1, 2.1.2, 2.1.3



23s. If other, please explain:



 24 
Are participants required to contribute capital to the depository that would result in ownership of the depository? clear radio button selections

Yes  - then answer 24a
No
Not applicable
Other  - then answer 24b


24a. If yes, what fixed amount is required or what formula is used to determine the appropriate contribution level?




24b. If other, please explain:



 25 
Are prospective participants subject to an initial review and approval process regarding compliance with eligibility requirements? clear radio button selections

Yes
No
Not applicable
Other  - then answer 25a


25a. If other, please explain:






Conditions of participation
 26 
What governs the relationship between the depository and the participants? (Choose all that apply.)

Relevant law and regulation
Standard participation contract
Established terms and conditions of participation
By-laws of the depository
Rules of the depository
Other  - then answer 26a
Not applicable


26a. Please explain:



 27 
Rule 17f-7 requires that an Eligible Securities Depository "holds assets for the custodian that participates in the system on behalf of the Fund under safekeeping conditions no less favorable that the conditions that apply to other participants."

Please confirm that assets of foreign investors held by custodians as participants in the depository are held under safekeeping conditions no less favorable than the conditions that apply to other participants. clear radio button selections

Yes
No  - then answer 27a
Not applicable  - then answer 27a
Other  - then answer 27a


27a. If no, other or not applicable, please explain:



 28 
How does the depository notify participants of material changes to the conditions of participation? (Choose all that apply.)

By e-mail
By telephone
By public announcement
By press release
Other  - then answer 28a
Not applicable


28a. Please explain:
By a formal letter to each Participant





Governance of participants
 29 
Who enforces compliance with the depository's conditions of participation? (Choose all that apply.)

The depository
The exchange
The depository's regulator
Other  - then answer 29a
Not applicable


29a. Please explain:



 30 
What enforcement actions are available to the enforcement authority? (Choose all that apply.)

Fines
Restrictions on participation
Suspension of participation
Termination of participation
Other  - then answer 30a
Not applicable


30a. Please explain:



 31 
Has there been any such enforcement actions in the last three years? clear radio button selections

Yes  - then answer 31a
No
Not applicable
Other  - then answer 31b


31a. If yes, please explain, including information relative to any suspensions of depository participants:
Fines for late submission of reports or instructions to the CDS.



31b. If other, please explain:





DEPOSITORY FUNCTIONALITY AND SERVICES; USE OF AGENTS
Certain functionalities and services reduce risk to an investor if provided in an efficient manner. The purpose of this section is to identify those functionalities that may potentially be offered by depositories and clearing systems around the world, and ascertain whether they are offered by your institution.

General
 32 
For which of the following security types do you serve as a depository or clearing system? (Choose all that apply.)

Government Securities  - then answer 32b
Equities  - then answer 32c
Corporate Bonds  - then answer 32d
Corporate Money Market Instruments  - then answer 32e
Others  - then answer 32a
Not applicable


32a. Please name the other security types:

  - then answer 32f


32f. Please name other depositories and clearing systems that handle the same securities listed in "Others" in your market:




32b. Please name other depositories and clearing systems that handle Government Securities in your market:
Bank of Mauritius (Central Bank)



32c. Please name other depositories and clearing systems that handle Equities in your market:
None



32d. Please name other depositories and clearing systems that handle Corporate Bonds in your market:
None



32e. Please name other depositories and clearing systems that handle Corporate Money Market Instruments in your market:






Government Securities Settlements
 33 
Is the use of the depository in your market compulsory by law or compulsory by market practice for the settlement of government securities?

(Please note that responses to questions 33 through 42 should be consistent with questions 73 and 74.) clear radio button selections

By law  - then answer 33a
By market practice  - then answer 33a
Neither/other  - then answer 33b
Not applicable


33a. What is the percentage of the total market of government securities in your jurisdiction (either volume or value) settled within your institution, exclusive of your links with third parties?
Only government securities that are traded on the Stock Exchange of Mauritius are settled within the CDS.The trading of government securities on the Stock Exchange of Mauritius started in December 2003. Only a very small percentage (less than 1%) of the total market of government securities is traded on the stock exchange and settled within the CDS.

The central bank, stock exchange, Ministry of Finance, Financial Services Commission and CDS are currently working towards the setting up of a Bond Market where all government and corporate bonds will be traded.



33b. If neither/other, please explain:






Government Securities Safekeeping
 34 
Is the use of the depository in your market compulsory by law or compulsory by market practice for the safekeeping of government securities? (Choose all that apply.)

(Please note that responses to questions 33 through 42 should be consistent with questions 73 and 74.)

By law  - then answer 34a
By market practice  - then answer 34a
Neither/other  - then answer 34b
Not applicable


34a. What is the percentage of the total market of government securities in your jurisdiction (either volume or value) held in safekeeping within your institution?
Only government securities that are traded on the Stock Exchange of Mauritius are held in safekeeping within the CDS.The trading of government securities on the Stock Exchange of Mauritius started in December 2003. Only a very small percentage (less than 1%) of the total market of government securities is traded on the stock exchange and held in safekeeping within the CDS.



34b. If neither/other, please explain:






Equities Settlements
 35 
Is the use of the depository in your market compulsory by law or compulsory by market practice for the settlement of equities? (Choose all that apply.)

(Please note that responses to questions 33 through 42 should be consistent with questions 73 and 74.)

By law  - then answer 35a
By market practice  - then answer 35a
Neither/other  - then answer 35b
Not applicable


35a. What is the percentage of the total market of equities in your jurisdiction (either volume or value) settled within your institution, exclusive of your links with third parties?
100%



35b. If neither/other, please explain:






Equities Safekeeping
 36 
Is the use of the depository in your market compulsory by law or compulsory by market practice for the safekeeping of equities? (Choose all that apply.)

(Please note that responses to questions 33 through 42 should be consistent with questions 73 and 74.)

By law  - then answer 36a
By market practice  - then answer 36a
Neither/other  - then answer 36b
Not applicable


36a. What is the percentage of the total market of equities in your jurisdiction (either volume or value) held in safekeeping within your institution?
Official Market:
52.3% (volume)
63.8% (value)

Development & Enterprise Market (DEM):
33.5% (volume)
32.3% (value)



36b. If neither/other, please explain:






Corporate Bonds Settlements
 37 
Is the use of the depository in your market compulsory by law or compulsory by market practice for the settlement of corporate bonds? (Choose all that apply.)

(Please note that responses to questions 33 through 42 should be consistent with questions 73 and 74.)

By law  - then answer 37a
By market practice  - then answer 37a
Neither/other  - then answer 37b
Not applicable


37a. What is the percentage of the total market of corporate bonds in your jurisdiction (either volume or value) settled within your institution, exclusive of your links with third parties?
100%



37b. If neither/other, please explain:






Corporate Bonds Safekeeping
 38 
Is the use of the depository in your market compulsory by law or compulsory by market practice for the safekeeping of corporate bonds? (Choose all that apply.)

(Please note that responses to questions 33 through 42 should be consistent with questions 73 and 74.)

By law  - then answer 38a
By market practice  - then answer 38a
Neither/other  - then answer 38b
Not applicable


38a. What is the percentage of the total market of corporate bonds in your jurisdiction (either volume or value) held in safekeeping within your institution?
All the bonds that were listed on the exchange and that were held in the CDS, have been redeemed.



38b. If neither/other, please explain:






Corporate Money Market Instruments Settlements
 39 
Is the use of the depository in your market compulsory by law or compulsory by market practice for the settlement of corporate money market instruments? (Choose all that apply.)

(Please note that responses to questions 33 through 42 should be consistent with questions 73 and 74.)

By law  - then answer 39a
By market practice  - then answer 39a
Neither/other  - then answer 39b
Not applicable


39a. What is the percentage of the total market of corporate money market instruments in your jurisdiction (either volume or value) settled within your institution, exclusive of your links with third parties?




39b. If neither/other, please explain:






Corporate Money Market Instruments Safekeeping
 40 
Is the use of the depository in your market compulsory by law or compulsory by market practice for the safekeeping of corporate money market instruments? (Choose all that apply.)

(Please note that responses to questions 33 through 42 should be consistent with questions 73 and 74.)

By law  - then answer 40a
By market practice  - then answer 40a
Neither/other  - then answer 40b
Not applicable


40a. What is the percentage of the total market of corporate money market instruments in your jurisdiction (either volume or value) held in safekeeping within your institution?




40b. If neither/other, please explain:






Other Eligible Securities Settlements
 41 
Is the use of the depository in your market compulsory by law or compulsory by market practice for the settlement of other eligible securities? (Choose all that apply.)

(Please note that responses to questions 33 through 42 should be consistent with questions 73 and 74.)

By law  - then answer 41a<