1. The Central Bank may: a. Establish, develop, or operate one or more clearing or settlement systems for transfer of funds, and settlement of securities for securities issued by the Central Bank, the Public Sector or Government-Related Entities and other obligations between Participant Persons in such systems, and may conduct such on its own, through any of its subsidiaries, directly or indirectly, in partnership with any other party, or by outsourcing to third parties. b. Establish or operate central securities depository for securities issued by the Central Bank, the Public Sector or Government-Related Entities, and trade repository systems for monetary and financial transactions in the State, and may conduct such on its own, through any of its subsidiaries, directly or indirectly, or in partnership with any other party, or by outsourcing to third parties. c. Link the systems referred to in paragraphs (a) and (b) of this item to similar systems inside and outside the State. 2. The Central Bank shall coordinate with concerned regulatory authorities and other bodies in the State, in relation to the establishment of trade repository systems for monetary and financial transactions referred to in item (1) of this article. 3. The Central Bank shall issue guidelines and directives related to the systems referred to in item (1) and (2) of this article, the rules of participation in these systems, and the rules to execute related operations.
Interpretation and application must be checked against the official text and current version.