Obligations and responsibilities of approved intermediary

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..... he Board from time to time with respect to its activity of securities lending. (2) The approved intermediary shall comply with the requirement of eligibility criteria for the lender and the borrower with the eligibility criteria, if, specified by the Board. (3) The approved intermediary shall specify in the respective agreement the fees payable to the lender and the fee to be charged from the bo .....

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..... the above details to enable the lender to use the same as a proof of continuity of his holdings. (6) The approved intermediary shall maintain a complete record of the securities deposited by the lender, securities lent to the borrower, the securities received from the borrower and the securities returned to the lender by the approved intermediary. The records of the approved intermediary shall be .....

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