The lien restriction is released upon receiving a decision to that effect from the competent authorities. The SDC undertakes the task of releasing lien upon deposited securities. As for non-deposited securities, the SDC sends circulars to all the issuers to take the necessary measures (issuers will remain responsible for releasing lien restrictions upon non-deposited securities on their own responsibility).

The lien restriction is imposed by virtue of a decision issued by the competent authorities. The SDC undertakes the task of authenticating a lien upon deposited securities. As for non-deposited securities, the SDC sends circulars to all the issuers to take the necessary measures (issuers will remain responsible for placing lien restrictions upon non-deposited securities on their own responsibility).

The SDC authenticates the pledge restriction after it ascertains the investor’s definite ownership of deposited securities that will be subject to the pledge and if the free balance is sufficient, then the SDC authenticates the pledge of the concerned securities.

Free Securities deposited at the SDC are the only securities eligible for pledge.

The SDC lifts freezing restriction on deposited securities by virtue of Unfreezing Securities Form submitted by the owner or his legal representative. 

Prevention of any disposal of securities in any form where it shall not be permitted to transfer deposited securities that are subject to an ownership restriction, transfer the ownership of such securities or conduct any transaction thereto unless the ownership restriction is released in the SDC’s registers.

No.

The investor can submit Freezing Securities Form to freeze free deposited securities. If the freezing restriction is authenticated, no disposal of the securities is permitted in any form, whether by the owner or others.