Head Office: Karachi Branch: Lahore Office: Islamabad Office:

CDC House, Mezzanine Floor, Mezzanine Floor, Room #410, 4th Floor,
99-B, Block ‘B’ S.M.C.H.S., Pakistan Stock Exchange Building, South Tower, LSE Plaza, ISE Towers, 55-B,
Main Shahra-e-Faisal, I.I. Chundrigar Road, 19-Khayaban-e-Aiwan-e-Iqbal, Jinnah Avenue, Blue Area,
Karachi-74400 Pakistan. Karachi - 74000 Pakistan. Lahore - 54000 Pakistan. Islamabad - 44000 Pakistan.
Tel: (92-21) 111-111-500 Ph: (92-21) 32416774 Tel : (92-42) 36362061-66 Tel: (92-51)2895456-9

URL: www.cdcpakistan.com Email: info@cdcpak.com Customer Support Services: 0800-CDCPL (23275)

SIMPLIFIED INVESTOR ACCOUNT OPENING FORM INDIVIDUALS

Day Month Year FORM NO. ACCOUNT NO.

DATE

(PLEASE USE BLOCK LETTERS) (For CDC Use Only)

PART - A PARTICULARS OF MAIN APPLICANT

FULL NAME OF APPLICANT Mr. / Mrs. / Ms.
(As per CNIC/SNIC/NICOP/ARC/POC/Passport)

FATHER'S/HUSBAND'S NAME

MAILING ADDRESS
(To be used for correspondence, if Main Applicant is the contact person)

PERMANENT ADDRESS
(Must not be Office/ Business Address)

LOCAL MOBILE NO.: (*) LAND LINE NO.: (optional) FAX NO.: (optional)
(Should be registered on applicant’s name)

CONTACT DETAILS: NAME OF NETWORK: (if ported) INTERNATIONAL MOBILE NO.:

Incase of Non Resident / Foreigner

EMAIL: (*)

CNIC SNIC NICOP ARC POC No.:

Please tick [ ] appropriate box

EXPIRY DATE OF CNIC/ SNIC/ NICOP/ ARC/ POC:

PASSPORT DETAILS: PASSPORT No.: PLACE OF ISSUE:

(For a Foreigner National)
DATE OF ISSUE: EXPIRY DATE:

HOUSEHOLD BUSINESS EXECUTIVE HOUSE WIFE INDUSTRIALIST

OCCUPATION:
Please tick [ ] appropriate box STUDENT GOVT / PUBLIC SECTOR BUSINESS PROFESSIONAL
AGRICULTURIST RETIRED PERSON SERVICE OTHERS (specify)

PART - B OTHER ACCOUNT LEVEL INFORMATION OF THE MAIN APPLICANT

BANK DETAILS (MANDATORY)

IBAN P K

BANK NAME: BRANCH: CITY:

NATIONAL TAX No.: (optional)

NATIONALITY:

RESIDENTIAL STATUS REPATRIABLE NON-REPATRIABLE

Mark tick [ ] in appropriate box
RESIDENT NON - RESIDENT
(Incase of Non-Resident Pakistani/Foreigner)

PAKISTANI

FOREIGN NATIONAL

PART - C ZAKAT STATUS

MUSLIM-ZAKAT DEDUCTIBLE MUSLIM- ZAKAT NON-DEDUCTIBLE* NOT APPLICABLE**
*In case of Muslim (resident / non-resident Pakistanis), true attested copy of Zakat Declaration (CZ-50) on stamp paper is required for main applicant and all joint applicants.
**In case of Non–Muslim, solemn affirmation on plain paper is required for main applicant & all joint applicants.

PART - D NOMINEE DETAILS - OPTIONAL (Incase of Joint Applicant, nominee is not allowed)
(As per Section 79 of the Companies Act, 2017)

NAME OF NOMINEE FATHER’S/HUSBAND’S NAME

ADDRESS

CONTACT NO. RELATIONSHIP TO THE MAIN APPLICANT (Should be either spouse, father, mother, brother, sister and son or daughter)
PPP-04-23

CNIC NO./*NICOP NO.*(Incase Nominee is a Non-Resident Pakistani) **PASSPORT NO. / POC

**(Incase Nominee is Foreign National)
Note: PLEASE PROVIDE COPY OF CNIC/ARC/SNIC/*NICOP/**PASSPORT/POC. INCASE OF MINOR, FORM ‘B’ OR FRC (FAMILY REGISTRATION CERTIFICATE) IS REQUIRED, ISSUED BY NADRA.
* MANDATORY
PART - E DETAILS OF THE JOINT APPLICANT(S)
JOINT APPLICANT NO. 1
FULL NAME OF APPLICANT MR. / MRS. / MS.
(As per CNIC/SNIC/NICOP/ARC/POC/Passport)

FATHER’S/ HUSBAND’S NAME:

MAILING ADDRESS:
(To be used for correspondence, if Joint Applicant no.1 is the contact person)

LOCAL MOBILE NO.: (*) LAND LINE NO.: (optional) FAX NO.: (optional)
(Should be registered on applicant’s name)

CONTACT DETAILS: NAME OF NETWORK: (if ported) INTERNATIONAL MOBILE NO.:

Incase of Non Resident / Foreigner

EMAIL: (*)

CNIC SNIC NICOP ARC POC No.:

Please tick [ ] appropriate box

EXPIRY DATE OF CNIC/ SNIC/ NICOP/ ARC/ POC:

PASSPORT DETAILS: PASSPORT No.: PLACE OF ISSUE:

(For a Foreigner National)
DATE OF ISSUE: EXPIRY DATE:

HOUSEHOLD BUSINESS EXECUTIVE HOUSE WIFE INDUSTRIALIST

OCCUPATION:
Please tick [ ] appropriate box STUDENT GOVT / PUBLIC SECTOR BUSINESS PROFESSIONAL
AGRICULTURIST RETIRED PERSON SERVICE OTHERS (specify)

JOINT APPLICANT NO. 2

FULL NAME OF APPLICANT MR. / MRS. / MS.
(As per CNIC/SNIC/NICOP/ARC/POC/Passport)

FATHER’S/ HUSBAND’S NAME:

MAILING ADDRESS:
(To be used for correspondence, if Joint Applicant no.2 is the contact person)

LOCAL MOBILE NO.: (*) LAND LINE NO.: (optional) FAX NO.: (optional)
(Should be registered on applicant’s name)

CONTACT DETAILS: NAME OF NETWORK: (if ported) INTERNATIONAL MOBILE NO.:

Incase of Non Resident / Foreigner

EMAIL: (*)

CNIC SNIC NICOP ARC POC No.:

Please tick [ ] appropriate box

EXPIRY DATE OF CNIC/ SNIC/ NICOP/ ARC/ POC:

PASSPORT DETAILS: PASSPORT No.: PLACE OF ISSUE:

(For a Foreigner National)
DATE OF ISSUE: EXPIRY DATE:

HOUSEHOLD BUSINESS EXECUTIVE HOUSE WIFE INDUSTRIALIST

OCCUPATION:
Please tick [ ] appropriate box STUDENT GOVT / PUBLIC SECTOR BUSINESS PROFESSIONAL
AGRICULTURIST RETIRED PERSON SERVICE OTHERS (specify)

JOINT APPLICANT NO. 3

FULL NAME OF APPLICANT MR. / MRS. / MS.
(As per CNIC/SNIC/NICOP/ARC/POC/Passport)

FATHER’S/ HUSBAND’S NAME:

MAILING ADDRESS:
(To be used for correspondence, if Joint Applicant no.3 is the contact person)

LOCAL MOBILE NO.: (*) LAND LINE NO.: (optional) FAX NO.: (optional)
(Should be registered on applicant’s name)

CONTACT DETAILS: NAME OF NETWORK: (if ported) INTERNATIONAL MOBILE NO.:

Incase of Non Resident / Foreigner

EMAIL: (*)

CNIC SNIC NICOP ARC POC No.:

Please tick [ ] appropriate box

EXPIRY DATE OF CNIC/ SNIC/ NICOP/ ARC/ POC:

PASSPORT DETAILS: PASSPORT No.: PLACE OF ISSUE:

(For a Foreigner National)
DATE OF ISSUE: EXPIRY DATE:

HOUSEHOLD BUSINESS EXECUTIVE HOUSE WIFE INDUSTRIALIST

OCCUPATION:
Please tick [ ] appropriate box STUDENT GOVT / PUBLIC SECTOR BUSINESS PROFESSIONAL
AGRICULTURIST RETIRED PERSON SERVICE OTHERS (specify)
 PART - F DETAILS OF THE ATTORNEY (If Applicable)
ATTORNEY NAME MR. / MRS. / MS.
(As per CNIC/SNIC/NICOP/ARC/POC/Passport)

FATHER’S/ HUSBAND’S NAME:

MAILING ADDRESS:
(To be used for correspondence, if Attorney is the contact person)
LOCAL MOBILE NO.: (*) LAND LINE NO.: (optional)
(Should be registered on applicant’s name)
CONTACT DETAILS:
FAX NO.: (optional) EMAIL: (*)

CNIC SNIC NICOP ARC POC No.:

Please tick [ ] appropriate box

EXPIRY DATE OF CNIC/ SNIC/ NICOP/ ARC/ POC:

PASSPORT DETAILS: PASSPORT No.: PLACE OF ISSUE:

(For a Foreigner National)
DATE OF ISSUE: EXPIRY DATE:

PART - G CONTACT PERSON

Contact Person shall not be the person other than the Main Applicant, any one of the Joint Applicants or their Attorney. please tick the appropriate box below:

Contact Person: Main Applicant Joint Applicant No.1 Joint Applicant No.2 Joint Applicant No.3 Attorney

PART - H INSTRUCTIONS REGARDING OPERATIONS OF ACCOUNT

Mark tick [ ] in appropriate box SINGLY [EITHER OR SURVIVOR] JOINTLY [Any ] ATTORNEY (IF APPLICABLE)

PART - I IMPORTANT NOTES

1. At the time of submission of account opening form self presence of the applicant is mandatory who shall present his/her original CNIC for verification purposes. In case of joint account, physical presence of all joint
applicants shall be required along with original CNIC for verification purposes. The designated staff of IAS shall verify the signatures of the applicant, and where applicable for joint applicants.
2. Non - resident Pakistani or a Foreigner shall get the account opening documents attested by consulate office of Pakistan or Notary Public of the respective Country. The signature of a non-resident Pakistani or a
Foreigner must be as per NICOP/Passport/POC.
3. Where any non-resident Pakistani/Foreigner personally comes to CDC offices for opening of Investor Account, all account opening formalities pertaining to resident Pakistani shall be applicable, unless the non-resident
Pakistani / Foreigner produces necessary documents duly attested by consulate office of Pakistan or Notary Public of the respective Country.
4. IAS will not open any account of an applicant whose photograph is not available on his/her CNIC/SNIC/NICOP/POC/PASSPORT/ARC.
5. Mobile No. & email address should be registered in the name of Main Applicant/ Joint Applicant/ Attorney or otherwise authority letter is required.

PART - J ENCLOSURES
• COPY OF CNIC/SNIC (Title Holder/all Joint Holders/Nominee/Attorney), if applicable.
• COPY OF NICOP/PASSPORT OR POC (In case of Non-Resident Pakistani/Foreigner, duly attested by consulate office of Pakistan or Notary Public of the respective country).
• SPECIMEN SIGNATURE CARD
• NTN CERTIFICATE (Optional)
• ZAKAT DECLARATION / SOLEMN AFFIRMATION (For exemption from compulsory deduction of Zakat, either Zakat Declaration or Solemn Affirmation is required as per enclosed format, as applicable)
• AUTHORITY LETTER UNDER Reg. 6.7.1 FOR MOBILE No. & EMAIL ADDRESS OF FAMILY MEMBERS (if applicable)
• POWER OF ATTORNEY, if applicable as per enclosed format on stamp paper duly attested by notary public

PART - K UNDERTAKING & DECLARATION

1. I/We have read, understood, accepted and agreed to be bound by the Terms and Conditions for Investor Accounts contained in Chapter 12A of the Central Depository Company of Pakistan Limited Regulations (relevant
chapter is appearing in the form). I/We further declare that all the information contained in this form is true and correct to the best of my/our knowledge and belief and undertake to inform CDC of any changes therein
immediately. In case any of the above information is found to be false, untrue or misleading, I/we shall be held liable and responsible for any consequences thereof.
2. Incase of erroneous or unauthorized transfer or credit of book-entry securities into my/our Investor Account, I/we hereby irrevocably and unconditionally authorize CDC to rectify such entries in terms of the CDC
Regulations and Procedures made there under.
3. I/We the undersigned, hereby declare that:
a) I am an Adult.
b) I am of sound mind.
c) I have not applied to be adjudicated as an Insolvent and that I have not suspended payment and that I have not compounded with my creditors.
d) I am not an undischarged insolvent.
e) I have not, within 5 years before making this application for opening an Investor Account with the CDC, been convicted of an offence involving moral turpitude or a non-cognizable offence against any law in connection
with business, professional or commercial activities.
f) Incase of either (singly) or survivor operation. I or any joint holder of the account can notify CDC for change in address or dividend mandate or closing of account.
g) Incase of claim of dividend in foreign exchange, I will fulfill all the formalities of State Bank of Pakistan in this regard.
h) It is my/our sole responsibility to immediately inform CDC about any change in my registration details including any change in mailing and permanent addresses, email addresses, dividend mandate and contact
numbers, failing which it will be assumed that my/our available information in the record of CDC is correct.
4. I/We hereby agree to receive Electronic Account Balance Statement (eStatement), eAlert and SMS Alert from CDC from time to time in respect of my/our Investor Account on my/our email address and or Mobile No.
respectively provided to CDC. In case, if I/We wish to receive Account Balance Statement in Physical form or do not wish to receive any one service either eAlert or SMS alert, I/we hereby undertake to inform CDC in
writing.
5. I/We hereby irrevocably and unconditionally authorize CDC to provide copies of my /our account opening documents as available in the record of CDC to the Clearing Company or any other relevant authority or entity with
respect to my/our Investor Account with CDC and securities transactions made therein as deemed necessary from time to time.
6. I/We hereby acknowledge and agree to abide by the CDC Regulations and Procedures as available on CDC's website and I/we shall keep myself/ourself(ves) updated with regard to any revisions in such Regulations and
Procedures.
7. I/We hereby unconditionally and irrevocably agree to be bound by and comply with the Terms and Conditions in connection with CDC Access available on CDC website.
8. My/Our use of the CDC Access will signify my/our consent and agreement to be bound by the CDC Regulations and Procedures and Terms and Conditions of CDC Access as the same exist at the time of such use.

9. I/We hereby unconditionally & irrevocably agree and acknowledges that CDC shall have, among other rights, a paramount lien on the Securities in the Investor Accounts in accordance with CDC Regulation 12A. 10 for
recovery of charges and deposits including any applicable levy, taxes etc. of CDC.
10. I/We hereby agrees that information provided by me / us shall be verified by CDC through NADRA VERISYS System or other means provided by NADRA.
 PART - L DISCLAIMER
CDC Access by the Central Depository Company of Pakistan Limited (hereinafter referred to as “CDC” which term shall mean to include the corporate entity, board of directors, officers,
employees, assigns and agents of CDC) offers Investor-Account Holders:
(i) access to information, reports, account balance statements and account maintenance services (each and collectively “Information Services”) through the Interactive Voice Response
System, internet/ web access, eStatement (account balance statements sent through emails), eAlert (transaction alerts sent through email) and short messaging service (“SMS”) or any
other medium of communication, as may be introduced by CDC from time to time (each and collectively a “mode of communication”); and
(ii) ability to submit earmarking instructions for DSS (“DSS”) and online transaction orders for processing online transactions as prescribed by CDC from time to time, (an “Online
Transaction Order”) through the internet/web portal of CDC Access or any other transaction related service that may be introduced by CDC from time to time (each and collectively “Online
Transaction Services”).
CDC makes no representation or warranty for any Information Service, Online Transaction Service or of any mode of communication used in CDC Access and the Investor-Account Holder
hereby unconditionally agrees that they shall make use of CDC Access for the purposes of any Information Service or Online Transaction Service through a mode of communication subject
to all hazards and circumstances as exist with the use of such modes of communication and their networks including, but not limited to, delays in communication and uploading of
data/information.
CDC shall not be held liable for any improper or incorrect use of CDC Access or any Information Service or Online Transaction Service through any mode of communication by the
Investor-Account Holder and although the information thus provided or any transactions thereby submitted is intended for Investor-Account Holders, CDC assumes no responsibility for
any third party's use of information obtained from or benefit taken from any transaction submitted in CDC Access and or/ unauthorised dissemination or disclosure of any information or
the failure to complete any transaction.
CDC shall not be liable to any Investor-Account Holder for providing and making available CDC Access, the Information Services or Online Transaction Services and/or for failure or delay
in the provision of such services to Investor-Account Holders and all Investor-Account Holders, who subscribe to CDC Access by using a mode of communication shall be deemed to
have indemnified CDC held them harmless from and against any losses, damages, costs and expenses incurred or suffered by them as a consequence of use of CDC Access, the
Information Services, Online Transaction Services or any other value added services.
Additionally, CDC shall not be held responsible for and does not undertake liability for any damages or injury, including but not limited to those caused by any failure of performance, error,
omission, interruption, deletion, defect, delay in operation or transmission, computer virus, communication line failure, theft or destruction and/ or unauthorized access to, alteration of, or
use of Information Services or Online Transaction Services in CDC Access by any individual or corporate person.
All Investor-Account Holders hereby warrant and agree that their access of CDC Access via the internet/web by use of a User-ID login, is using an advanced electronic signature and upon
issuance of such User-ID login to Investor-Account Holders, they hereby waive any right to raise any objection to the compliance of the User-ID login with the criteria of an advance
electronic signature.
All Investor-Account Holders shall by their conduct of accessing or, as the case may be, using a mode of communication for CDC Access agrees to all the terms and conditions and terms
of use as shall appear on the CDC website at https://csp.cdcaccess.com.pk from time to time (these “Terms and Conditions”) which shall be deemed to have been read and agreed to by
the Investor-Account Holders before using or availing CDC Access.

TERMS AND CONDITIONS FOR ONLINE TRANSACTION SERVICES

1. DEFINITIONS
In these Terms and Conditions, if not already defined above, the following words and phrases have the meaning set opposite them or as otherwise defined in the CDC Regulations:
(a) “CDC Access” shall have the same meaning as ascribed thereto in the CDC Regulations.
(b) “CDC Regulations” means the Central Depository Company of Pakistan Limited Regulations which are in force from time to time.
(c) “Online Transactions Services” means the services forming part of CDC Access provided by CDC to the Investor-Accountholders as per the Terms and Conditions for use of
such services as prescribed by the CDC from time to time.
(d) “Personal Information” refers to the information about the Investor-Account Holder that is stored on the records of CDC and may be retrieved in intelligible form.
(e) “Procedures” has the meaning given to it in the CDC Regulations.
(f) “Terms and Conditions” means these terms and conditions for CDC Access and any other terms and conditions which may be notified from time to time by CDC modifying
or substituting all or any of these terms and conditions.
(g) “Website” means the website made available by CDC to Investor-Account Holders for the purposes of CDC Access and accessible through the internet via
https://csp.cdcaccess.com.pk
2. CDC shall only execute Online Transaction Orders in accordance with these Terms and Conditions (and the Investor-Account Holder’s compliance with the same), the CDC
Regulations, Procedures and any applicable user manual of the CDC (on both inter or intra account transfer basis) which shall include, but not be limited to:
Online Transaction Orders will be processed as soon as possible (which can be within the same or next Business Day) following the submission of the Online Transaction Order and
in any event, subject to the Investor-Account Holder providing CDC with:
(i) An Online Transaction Order as per the Designated Time Schedule (DTS) on a Business Day as prescribed in the Procedures. If the Investor-Accountholder provides CDC with the
Online Transaction Order after DTS or not on a Business Day, the Investor-Accountholder agrees that the Online Transaction Order was received by CDC on the following Business
Day;
(ii) A correctly completed and filled in Online Transaction Order, including all mandatory information required for the purpose of execution of online transactions.
(iii) The Investor-Accountholder having sufficient number of Securities in the Investor Account in available position that are to be processed as online transactions (where applicable);
and
(iv) The Investor-Accountholder not having any outstanding dues payable to CDC with respect to any fees, charges etc. plus the Investor-Accountholder having sufficient cash balance
to pay the applicable CDC fees and charges, for the purposes of any Online Transaction Order submitted by an Investor-Account Holder.
3. In the event of any dispute relating to the date and time of receipt of the Online Transaction Order, CDC’s records shall be conclusive evidence and the Investor-Accountholder agrees
that CDC’s decision on the same shall be final and binding on both CDC and the Investor-Accountholder.
4. In the event the above is not complied with, the Investor-Accountholder will not hold CDC liable for any damages resulting from (i) a failure to execute an Online Transaction Order;
and/or (ii) CDC’s actions in rejecting an Online Transaction Order, in each case for any reason and at CDC’s full discretion.
5. Disclosure of Personal Information: The Investor-Accountholder agrees that CDC may hold and process Personal Information on computer or otherwise in connection with CDC
Access as well as for statistical analysis. The Investor-Accountholder also agrees that CDC may disclose Personal Information as permitted under Section 21 of the Central
Depositories Act, 1997 (as may be amended, supplemented or replaced), and such other disclosures as may be reasonably necessary for compliance with any other laws or regulatory
requirements.
6. Proprietary Rights: The Investor-Accountholder acknowledges that CDC Access is the legal property of CDC. The permission given by CDC to access CDC Access will not convey
any proprietary or ownership rights in CDC Access to any party. The Investor-Account Holder shall not attempt to modify, translate, disassemble, decompile or reverse engineer
CDC Access.
7. Safeguards: The Investor-Accountholder shall keep the user ID and/or password for CDC Access safe and shall not disclose or let any unauthorized person have access to such user
ID and/or password or leave them unattended at any time. The Investor-Accountholder shall be fully responsible for the use of user ID and/or password by any person, and any Online
Transaction Services submitted, issued or executed upon the use of such user ID and/or password shall be binding on the Investor-Accountholder.
8. Payment of Fees and Charges: The Investor-Accountholder agrees to pay to CDC the fees and charges as prescribed by CDC from time to time in respect of Online Transaction
Services or CDC Access generally. The Investor-Account Holder also authorizes CDC to deduct any such outstanding fees and charges from the cash balance of the Investor Account
at source including any applicable levies, taxes etc. on behalf of any institution or governmental department or authority. The Investor-Account Holder further agrees and
acknowledges that CDC shall have, among other rights, a paramount lien on the Securities in the Investor Accounts in accordance with the CDC Regulations.
9. Change of Terms and Conditions: CDC has absolute discretion to amend or supplement any of these Terms and Conditions at any time and will endeavor to provide prior notice
wherever feasible for such changes. CDC may introduce new services within CDC Access from time to time. The existence and availability of the new services will be notified to the
Investor-Account Holder as and when they become available either by email and/or through courier/registered post. The changed Terms and Conditions applicable to the new features
in CDC Access shall be communicated to the Investor-Account Holder. By using such new services, the Investor-Account Holder agrees to be bound by the revised Terms and
Conditions as may be applicable.
10. Non-Transferability: The right of use of CDC Access is not transferable by the Investor-Account Holder under any circumstances and shall be used by him only.
11. Attorneys: Joint Investor-Accountholder(s) with signing instruction “Jointly” may identify any one of the joint Investor-Accountholders as a nominated person who may operate the
Online Transaction Services through the CDC Access, as well as terminate such services, from CDC Access and in doing so, such nominated Investor-Accountholder represents and
warrants that he acts on behalf of the other joint Investor-Accountholder(s). The Online Transaction Services may also be operated or terminated through an attorney of the holder(s)
of such Investor Account. In either circumstance given earlier in this Clause, it shall be a condition precedent for Online Transaction Services that the holder(s) of such Investor Account
shall execute a power of attorney, favoring any one individual who shall be deemed to be the sole user of such Online Transaction Services for that particular Investor Account, on a
format prescribed by CDC authorisng the attorney to operate such Investor Account including the use of Online Transaction Services on behalf of such Investor-Accountholder. In the
event the Investor Accountholder(s) change the power of attorney, the Investor Accountholder(s) shall deposit the new power of attorney with CDC and ensure that authority to access
and close Online Transaction Services is transferred from the previous power of attorney holder to the new power of attorney holder. The usage of, access to and closing of Online
Transaction Services shall be deemed to have been made by the holder of the power of attorney at the time of such access and use for an on behalf of the other joint
Investor-Accountholder(s). The Investor-Accountholder(s) agrees and accepts to bear all liability that arises as a result from operating the Online Transaction Services and, in the event
of a joint Investor Account, on a joint and several basis.
12. Termination of Online Transaction Services: The Investor-Account Holder may request for termination of Online Transaction Services any time by giving a written notice of at least
three (3) business days to CDC. CDC may withdraw Online Transaction Services anytime provided the Investor-Account Holder is given a prior notice of at least seven (7) business
days. The closure of the Investor Account will automatically terminate Online Transaction Services. CDC may suspend or terminate Online Transaction Services without prior notice if
the Investor-Account Holder has breached any of the Terms and Conditions or CDC learns of the death, bankruptcy or lack of legal capacity of the Investor-Account Holder.
13. Waiver: CDC’s failure to exercise or delay in exercising any right, power or privilege under these Terms and Conditions shall not operate as a waiver; nor shall any single or partial
exercise of any right, power or privilege preclude any other or further exercise thereof.
14. Severability: The invalidity or unenforceability of any provisions of these Terms and Conditions shall not affect the validity or enforceability of any other provision of these Terms and
Conditions, which shall remain in full force and effect.
15. Force Majeure: CDC shall not be liable for any failure of or delay in the performance of these Terms and Conditions for the period that such failure or delay is due to causes beyond
its reasonable control, including but not limited to acts of God, war, strikes or labor disputes, embargoes, government orders or any other force majeure event.
16. Notices: CDC and the Investor-Account Holder may give notices in the manner prescribed in the CDC Regulations.
17. Governing Law: These Terms and Conditions and/or the use of the services provided through Online Transaction Services shall be governed by the laws of Pakistan. The
Investor-Account Holder and CDC agree to submit to the exclusive jurisdiction of the Courts of Karachi as regards any claims or matters arising under these Terms and Conditions.

TERMS AND CONDITIONS FOR INVESTOR ACCOUNT

l/We hereby unconditionally and irrevocably agree to be bound by and to comply with the following Terms and Conditions ( and any other terms and conditions which may be notified
from time to time by the Central Depository Company of Pakistan Limited with the permission of Securities and Exchange Commission of Pakistan modifying or substituting all or any of
the following Terms and Conditions) in connection with the operation of the Investor Account l/We am/are now opening or which l/We may hereafter open with CDC.
CHAPTER 12A: TERMS AND CONDITIONS FOR INVESTOR ACCOUNTS

12A.1 Binding effect of the Terms and Conditions

Terms and Conditions for Investor Accounts set out in this Chapter shall govern the Investor Accounts and be binding on the Investor Accountholders and, to the extent applicable, on the CDS Elements.
12A.2 Definitions
12A.2.1 In this Chapter, the following terms shall have the meaning assigned thereagainst:

a. Investor Account Deleted j. Pledge: means creation of a pledge over Book entry Securities in an Investor Account by the Investor
Opening Form: Accountholder in favour of any Eligible Pledgee as provided in the Act and, to the extent
applicable, Chapter 11 of the Regulations, subject to the Terms and Conditions and the
b. Account Closing means the standard form prescribed by CDC for making of application by the Investor Operating Procedures.
Request Form: Accountholder to CDC for closing of the Investor Account. means the Book entry Securities which are pledged in favour of any Eligible Pledgee under
k. Pledged Book
ba. Beneficial TRE in relation to DSS, means a Participant that has been selected by an Investor-Accountholder entry Securities: Regulation 12A.7 below.
certificate holder (who has subscribed to DSS) through instructions to CDC in accordance with the Procedures
made pursuant to these Regulations for the purpose of an Earmarking Instruction. l. Pledge Call: means the deduction of Pledged Book-entry Securities from a Pledged Position in an Investor
Account and transfer of such Pledged Book-entry Securities to a House Account, a
c. Book-entry means theBook entry Securities as defined in the Act. Sub-Account or an Investor-Account of the Eligible Pledgee Transmitting the Pledge Call
Securities: Instructions to the CDC pursuant to Regulation 12A.7.8.
ca. Cancellation Deleted m. Pledge Call means the instructions Transmitted by an Eligible Pledgee to CDC, in the manner prescribed
of Settlement Instructions: by these Regulations, for moving the Pledged Book-entry Securities from the Pledged Position
Instruction: to a House Account, a Sub-Account or an Investor-Account of the Eligible Pledgee Transmitting
d. Commission: means the Securities and Exchange Commission of Pakistan. the Pledge Call Instructions.
Delivery-in: means the transfer to the Investor Account of Book entry Securities in accordance with the n. Pledge shall have the meaning set out in Regulation 12A.7.5.
e.
Terms and Conditions and the Operating Procedures. Position:
o. Pledge means the instructions issued by the Eligible Pledgee to CDC, through CDS, for unblocking the
f. Delivery-out: means the transfer of Book entry Securities from the Investor Account in accordance with the Release
Terms and Conditions and the Operating Procedures. Pledged Securities for the purpose of releasing the same from the Pledge.
Instructions:
fac. Direct Settle- means the service offered by the CDC to Investor-Accountholders in connection with settlement oa. Securities means the standard instruction form prescribed by CDC for submission by the Investor-Ac-
ment Service of trades executed by the Investor-Accountholders, as per the terms and conditions for use of Deposit Form countholder in triplicate to CDC for the purpose of deposit of Registered-Form Eligible
or DSS: such service as prescribed by the CDC from time to time in the DSS Subscription Form. Securities in CDS.

p. Securities means the standard instruction form prescribed by CDC for submission by the Investor-Ac-
fad. DSS Subscrip- means the standard application form prescribed by CDC for subscribing to DSS.
Pledge Form: countholder to CDC for blocking any Book-entry Securities in the Investor Account for the
tion Form: purpose of creating a Pledge.
fa. Due Date: in relation to payment of charges by the Investor-Accountholder under Regulation 12A.10.1
q. Securities means the standard application form prescribed by CDC for submission by the Investor-Ac-
for the services availed, means the last Business Day of every month. Withdrawal countholder to CDC for Withdrawal.
Earmarking in relation to any Securities and/or cash balances in respect of an Investor-Account, means an Form:
faa.
Instruction: irrevocable instruction(s) given by the Holder of such Investor Account to CDC for such purpose qa. Settlement Deleted
and subject to such conditions as may be prescribed by CDC in the Procedures. Instruction:
fb. Overdue means an Investor Account against which a negative cash balance appears for a continuous qb. Simplified means an Investor Account opened and maintained with CDC on the basis of Simplified
Investor Account: period of one year. Investor Investor Account Opening Form in such manner and subject to such limitations and conditions
Account: as prescribed by CDC in the Procedures.
fba. IDS: in relation to the DSS, shall have the same meaning as ascribed thereto in the Procedures qc. Simplified means a simplified application form prescribed by CDC for opening of Investor Accounts with
of the Clearing House. Investor Account CDC.
Opening Form:
g. Investor means the account opened by an Investor Accountholder with CDC in connection with r. Transaction means the standard application form prescribed by CDC for submission by the Investor-
Account: custody and other transactions of Book entry Securities in terms of the Terms and Conditions. Order: Accountholder to CDC for the purpose of Delivery-out of any Book-entry Securities.
h. Investor- means any individual who, or other entity which, is allowed by CDC at its discretion to open and s. Transaction means the standard instruction form prescribed by CDC for submission by the Investor-Ac-
Accountholder: maintain an Investor Account with CDC without having direct access to CDS. Reversal Form: countholder to CDC for transferring from the Investor Account any Book-entry Securities
i. Delivered-in the Investor Account erroneously or without authority.
Operating means the procedures made by the Board from time to time for the day to day operation of CDC
Procedures: in connection with Investor Accounts and for giving effect to the Terms and Conditions. t. Withdrawal: means withdrawal of Book entry Securities by the Investor Accountholder from CDC.

12A.2.2 Other capitalized terms used in this Chapter 12A and defined in the Act or in Regulation 2.11, as the case may be, shall have Shared KYC Information and any additional information as may be prescribed in the Procedures, shall be used in place of
the same meaning as given to such terms in the Act or in Regulation 2.11, as the case may be. Simplified Investor Account Opening Form, the Customer Relationship Form or, as the case may be, the Sahulat Account
12A.2.3 Unless the context otherwise requires, the words importing the singular shall include the plural, and vice versa, and words Opening Form and, where applicable, the KYC Application Form and the requirement of obtaining such forms will be dispensed
importing the masculine gender shall include the feminine gender, and words importing persons shall include bodies corporate. with.
12A.3 Opening of an Investor Account Provided further that where an Investor Account is established by CDC in the CDS on the basis of NRVA Information or KYC
12A.3.1 The Investor Accountholder shall, in accordance with the Procedures, complete, sign and submit either physically or through Shared Information of Investor-Accountholder from the database and additional information as may be prescribed in the
Online Portal (in the manner prescribed under the CKO Regulations, 2017 and/or the Procedures prescribed by CDC) the Procedures, such information or any subsequent updations (if any) shall be deemed to have been entered with the authorization
Simplified Investor Account Opening Form, the Customer Relationship Form or, as the case may be, the Sahulat Account of such Investor-Accountholder.
Opening Form and, where applicable, the KYC Application Form to CDC for opening of the Investor Account. The Simplified 12A.3.2 Fees and other charges as are prescribed by CDC, and approved by the Commission, from time to time for opening of the
Investor Account Opening Form or the Customer Relationship Form or, as the case may be, the Sahulat Account Opening Form Investor Account shall be paid to CDC together with the Customer Relationship Form or, as the case may be, the Sahulat
shall be accompanied with such documents as are listed therein. CDC shall have the right not to accept, without assigning any Account Opening Form and the KYC Application Formor the Simplified Investor Account Opening Form.
reasons whatsoever, any request for opening of the Investor Account.
12A.3.3 CDC shall have the right to close the Investor Account if the details, particulars and other information set out in the Customer
Relationship Form or, as the case may be, the Sahulat Account Opening Form or the KYC Application Form or the Simplified
Provided further that in case of establishment of Investor Account of Investor-Accountholder on the basis of NRVA Information
Investor Account Opening Form relating to such Investor Account are found to be incorrect or incomplete. Provided, however,
or Shared KYC Information, such Account will be established and maintained in such manner and subject to such terms and
that before closing the Investor Account for the said reason, CDC shall give a reasonable opportunity to the InvestorAccoun-
conditions as prescribed in the Procedures. For the purpose of establishment of Investor Account the NRVA Information or
tholder to explain his position.
12A.3.4 CDC shall, upon receipt of an approved Prospectus from an Issuer or an Offeror, open an IPO Facilitation Account in respect of 12A.7.3 Upon the blocking of the number of Book entry Securities specified in the Securities Pledge Form or as the case maybe, the
public offering covered by such Prospectus. Such IPO Facilitation Account shall be operated by CDC in accordance with electronic instruction, notice of such blocking shall be available, through CDS, to the Eligible Pledgee named in the Securities
Regulation 12A.6B and closed after the expiry of such number of days from the date of closing of public subscription to which Pledge Form or as the case may be, the electronic instruction. The Pledge shall take effect upon such notification to the Eligible
such IPO Facilitation Account relates as prescribed by CDC in the Procedures. Provided that if there is any credit balance of the Pledgee.
Book-entry Securities in such IPO Facilitation Account at such expiry date or, as the case may be, the Books Closure Date 12A.7.4 Upon creation of a Pledge, the Investor Accountholder shall cease to have the right to make Withdrawal or transfer or to
announced by the Issuer of such Securities, whichever comes earlier, CDC shall open an Investor Account in the name of each otherwise handle the Pledged Book entry Securities.
remaining entitled persons under inactive status and transfer the credit balances of Securities in to the respective inactive 12A.7.5 Upon the creation of a Pledge, CDC shall deduct the number of the Pledged Book entry Securities from the available balance
Investor Accounts of such persons. of Book entry Securities in the Investor Account and shall enter such Pledged Book entry Securities in a special position within
Provided that the requirement of Customer Relationship Form, the Sahulat Account Opening Form and the KYC Application the Investor Account ("Pledge Position") in favour of the Eligible Pledgee, in accordance with the Operating Procedures.
Form, shall not be applicable in respect of establishment of such inactive Investor Accounts. 12A.7.6 No request for Pledge shall be entertained if there are insufficient number of Book entry Securities in the available balance of
12A.4 Delivery-in the Investor Accountholder in the Investor Account or if the amount of CDC's charges for creation of Pledge, if any, are not paid
12A.4.1 The Investor Account shall be credited with any Book entry Securities that are: to CDC.
(a) transferred by an Account Holder, subject to these Regulations; 12A.7.7 A Pledge shall be released and Pledged Book entry Securities unblocked upon . receipt by CDC, through CDS, of the Pledge
(aa) deposited pursuant to Regulations 12A.4A to 12A.4C below; Release Instructions. Upon the unblocking of any Book entry Securities, as stated above, such Book entry Securities shall be
(b) transferred from any other Investor Account (where permissible under these Regulations) or a Temporary Account; moved back to the normal position of Book entry Securities in the Investor Account from the Pledge Position.
(c) received by CDC from an Issuer for the account of the Investor Accountholder; or 12A.7.8 A Pledge Call may be made by an Eligible Pledgee by Transmitting a Pledge Call Instructions to the CDC, through CDS. Upon
(d) Delivered by way of a Balance Order Delivery Transaction Transmitted by the Clearing House as settlement of trade receipt of the Pledge Call Instructions under this Regulation 12A.7.8, the Pledged Book-entry Securities covered by such Pledge
in respect of any Earmarking Instruction in accordance with the Procedures and the NCCPL Regulations, subject to Call Instructions shall be transferred, through CDS, from the Pledged Position to a House Account, a Sub-Account or an
these Regulations. Investor-Account of the Eligible Pledgee Transmitting the Pledge Call Instructions.
12A.4A Deposit of Registered-Form Eligible Securities in CDS to be credited to Investor Accounts 12A.8 Withdrawal of Securities
12A.4A.1 CDC may process any request made by an Investor-Accountholder for deposit in CDS, in accordance with the Procedures, any The Investor Accountholder may request Withdrawal from CDC of any Book entry Securities in his Investor Account by signing
Registered-Form Eligible Securities the Registrable Transfer Documents in respect of which are held by such Investor-Accoun- and submitting to CDC a Securities Withdrawal Form, in quadruplicate, together with the amount of CDC's charges for
tholder. Withdrawal as in force at that time. After verification of the available balance and scrutinizing the Securities Withdrawal Form
12A.4A.2 Notwithstanding anything contained in the Regulations, in processing any request for the deposit into CDS of any submitted, CDC shall, subject to receipt of its charges, permit Withdrawal by forwarding two copies of the Securities Withdrawal
Registered-Form Eligible Securities under Regulation 12A.4A.1, CDC shall be authorised to sign as transferee all transfer deeds Form to the concerned Issuer, or its registrar, for issuance of definitive certificates in respect of the Book entry Securities
or other instruments of transfer pertaining to such Eligible Securities to be transferred in the name of the CDC for the purpose of withdrawn from CDS. The Issuer shall thereupon register, in the name of the Investor Accountholder, Registered Form securities
deposit in CDS. corresponding to the number of Book entry Securities withdrawn by the Investor Accountholder from CDC and prepare definitive
12A.4A.3 The Investor-Accountholder shall be responsible to pay any stamp duty payable on the transfer of any Registered-Form Eligible certificates in respect of such securities. The Investor Accountholder will be entitled to receive such definitive certificates from
Securities in the name of CDC for the purpose of deposit of such Securities in CDS. the Issuer, or its Registrar, upon presenting to the Issuer or its Registrar, a copy of the Securities Withdrawal Form endorsed by
12A.4B Duties of Investor-Accountholders in connection with deposit of Registered-Form Eligible Securities into CDS CDC as the Investor Accountholder's copy. CDC shall not be liable for failure or delay on the part of the Issuer and/or its registrar
12A.4B.1 The Investor-Accountholder requesting deposit into CDS of any Registered-Form Eligible Securities shall: in issuing definitive certificates to the Investor Accountholder.
(a) Validly complete the Securities Deposit Form; 12A.9 Corporate Actions
(b) use separate Securities Deposit Form for each class of Eligible Securities to be processed for deposit into CDS; The provisions of Chapter 12 shall be mutatis mutandis applicable in connection with all corporate actions affecting the Book
(c) submit within Designated Time to CDC the Securities Deposit Form in triplicate together with the Registrable Transfer entry Securities in the Investor Account as if the Investor Accountholder was the "Holder" and the credit balance of the Book
Documents, provided that where a Book Closure Period has been publicised by any Issuer of any Eligible Securities entry Securities in the Investor Account was the "Holding" as described in Chapter 12.
pursuant to Regulation 12.1.1, CDC may refuse to accept any Securities Deposit Form in respect of such Securities 12A.10 Charges
submitted to CDC later than five Business Days before the Book Closure Date; and 12A.10.1 Subject to Regulation 12A.10.2, the Investor Accountholder shall pay to CDC the charges from time to time notified by CDC, as
(d) pay to CDC the fees and other charges prescribed by CDC from time to time in respect of deposit of Registered-Form approved by the Commission, for CDC's services under the Terms and Conditions including, where applicable, the terms and
Eligible Securities into CDS for Investor-Accountholders. conditions for DSS. Such charges shall be paid by the Investor-Account Holder regularly and punctually but not later than the
12A.4C Application of Chapter 8 in connection with deposit of Registered-Form Eligible Securities into CDS Due Date in every case. These charges may be revised by CDC from time to time with the prior approval of the Commission.
12A.4C.1 Subject to Regulations 12A.4A and 12A.4B above, the provisions of Chapter 8 dealing with deposit of Registered-Form Eligible 12A.10.2 CDC shall have a paramount lien on the Book-entry Securities (other than any Book-entry Securities which are in a
Securities in CDS shall mutatis mutandis apply to the deposit of Registered-Form Eligible Securities in CDS to the credit of Pledged-Position) in the Investor Accounts:
Investor Accounts. For the said purpose, the terms “Depositing Account Holder”, “Depositor” and “Target Holding” appearing in (a) for the recovery of any charges which have not been paid by the Investor-Accountholders for the consecutive two years
Chapter 8 shall be deemed to have been substituted by the terms “CDC”, “Investor Accountholder” and “Investor Account” after the Due Date; and
respectively. (b) for the recovery of any fees or charges in respect of any Earmarking Instruction(s) for which no consideration has been
12A.4D Application of Chapter 9 in connection with Delivery of Book-entry Securities under Balance Order Settlement received by CDC from the Investor-Accountholders and which have been credited in to their Investor Accounts pursuant to
12A.4D.1 Where CDC is admitted as a Clearing Member by the Clearing House for the purpose of DSS, the provisions of Chapter 9 any Earmarking Instruction(s) given by such Investor-Accountholders.
dealing with Delivery of Book-entry Securities under Balance Order Settlement shall mutatis mutandis apply to the Delivery of 12A.10.3 Subject to serving by CDC of three prior written notices on the Investor-Accountholder in accordance with the Procedures
Book-entry Securities under Balance Order Settlement from or to the Investor Accounts. For the said purpose, the terms “Source requiring him to clear the outstanding charges within seven Business Days of receipt of each such notice, CDC shall have the
Holding” and “Target Holding” appearing in Chapter 9 shall be deemed to have been substituted by the terms “Investor Account”
right to dispose of the necessary number of Book-entry Securities entered in the Investor Account of the Investor-Accountholder
or, where applicable, the Temporary Account”, respectively.
in accordance with the Procedures and apply the net proceeds thereof towards the adjustment of such outstanding charges.
12A.5 Restriction on Delivery in and Reversal of Erroneous Transfers 12A.10.4 Where the CDC exercises its right under Regulation 12A.10.3, CDC shall close the relevant Investor Account in accordance with
12A.5.1 Any Registered Form Eligible Securities which have not already been deposited in CDS, in accordance with the Regulations, the Procedures.
will not be permitted to be Delivered in the Investor Accounts. 12A.10.5 Without prejudice to any other remedies available to CDC, CDC will be entitled to deduct any outstanding fees and charges
12A.5.2 Notwithstanding anything contained in the Terms and Conditions and the Regulations, in the case of erroneous or unauthorized (including any applicable taxes, duties and levies) from the amounts payable by CDC to the Investor-Accountholder and CDC’s
transfer of Book entry Securities to: obligations to make payment will always be subject to the aforesaid right of CDC.
(a) an Investor Account, CDC shall reverse such transfer by transferring such Book entry Securities from the said Investor
12A.11 Regulations
Account if instructed in writing by the Investor Accountholder maintaining such Investor Account in CDC, or
The Regulations contained in the other Chapters shall mutatis mutandis apply to the Investor Account and shall, subject to the
(b) any other account maintained with CDC under the Regulations, the CDC Element controlling such account shall forthwith
reverse such transfer, through CDS, upon receiving CDC's request for this purpose. Terms and Conditions, govern the rights and obligations of CDC and the Investor Accountholder, as if the Investor Accounthold-
er was the holder of a sub account in CDC in terms of the Act. PROVIDED, however, if any such Regulations are inconsistent
12A.6 Delivery-out with or are otherwise irrelevant under the Terms and Conditions, such Regulations shall not be applicable.
12A.6.1 An Investor Account shall be debited with any Book entry Securities that are
12A.12 No Liability of CDC
(a) transferred to a Holding under the control of an Account Holder; Neither CDC nor any of its directors, officers, employees or agents shall be liable for any loss or damage that may be suffered
12A.12.1
(b) transferred to any other Investor Account (where permissible under the Regulations); or or sustained by the Investor-Accountholder in opening and maintaining the Investor Account, except in the case of negligence
(c) Delivered by way of a Balance Order Delivery Transaction Transmitted by the Clearing House as settlement of trade in or wrongful acts.
respect of any Earmarking Instruction in accordance with the Procedures and the NCCPL Regulations, subject to these 12A.12.2 Neither CDC nor its directors, officers, employees or agents shall be liable for any loss or damage that may be suffered or
Regulations. sustained by the Investor Accountholder due to any negligence, inaction, fraud or failure to fulfill any legal obligation by any CDS
12A.6.2 For the purpose of Delivery out of any Book-entry Securities from an Investor Account pertaining to sub-clauses (a) & (b) of Element or any Investor Accountholder.
Regulation 12A.6.1, the Investor Accountholder shall submit the Transaction Order to CDC or transmit an electronic instruction 12A.12.2A Neither CDC nor its directors, officers, employees or agents shall be liable for any losses, damages, costs or expenses suffered
to CDC in such manner and subject to such conditions as may be prescribed by CDC in the Procedures and pay the amount of or incurred by an Investor-Accountholder due to rejection and/or non-affirmation at any time of any IDS instruction(s) by CDC in
CDC's charges as in force at that time or allow CDC to recover its charges from any amount the Investor Accountholder has paid respect of any Earmarking Instruction(s) because of any mismatch between the Earmarking Instruction and the IDS instruction
in advance to CDC. Incomplete Transaction Order or electronic instruction not meeting the requirements of the Procedures or or for any other reason attributable to the concerned Beneficial TRE certificate holder in connection with such Earmarking
unsigned Transaction Orders or any Transaction Orders or electronic instructions covering any Book entry Securities which are
Instruction.
in excess of the credit balance in the Investor Account will not be accepted or acted upon. CDC will, subject to aforesaid, transfer
the Book entry Securities specified in the Trans¬action Order or electronic instruction from the Investor Account in accordance 12A.12.3 Neither CDC nor any of its directors, employees or agents shall, if acting in good faith and without having committed any
with the instructions contained in such Transaction Order or electronic instruction. negligent or wrongful act, be liable for any loss, destruction or misdelivery of any Book entry Securities, or for any action taken
or omitted or purported to be taken or omitted, in good faith, by any of them under or in connection with the Terms and
12A.6A Direct Settlement Service and related matters Conditions, or if they are prevented or delayed by law or any circumstances beyond their control in performing CDC's obligations
12A.6A.1 An Investor-Accountholder may apply to the CDC for subscribing to the DSS by providing a duly filled and signed DSS
under the Terms and Conditions.
Subscription Form, or as the case may be, for Investor-Accountholder whose Investor Account established on the basis of
NRVA Information or Shared KYC Information or any other Investor-Accountholder through electronic instructions in the manner 12A.12.4 Neither CDC nor any of its officers, employees or agents shall, apart from any wrongful act, omission, negligence or fraud, be
prescribed in the Procedures, along with fees and charges in accordance with the Schedule of Fees for Investor Accounts and liable for any loss or damage that may be suffered, incurred or sustained by the Investor Accountholder as a result of any
other documents as prescribed by CDC. computer or machinery break down or malfunction, or as a result of the closure, malfunction, break down, repair, servicing,
mechanical or other defect of the computer and allied equipment of CDC.
12A.6A.2 CDC may admit an Investor-Accountholder for the purpose of DSS who applies for subscription to such service in accordance
with these Regulations. Provided that, CDC shall have the right not to accept, without assigning any reasons whatsoever, any 12A.12.5 CDC may at any time suspend, add to or modify the CDS. CDC may also at any time, without any notice to the Investor
request made by an Investor-Accountholder for subscription to the DSS. Accountholder suspend the operation of the Investor Account and CDC's services under the Terms and Conditions if CDC
12A.6A.3 The terms and conditions relating to DSS have the effect of a contract between the CDC and the Investor-Accountholders who deems it necessary to do so for reason of security, for maintenance work, for force majeure, for any other reason beyond the
have been admitted by CDC for the purpose of DSS for the time being, under which each such Investor-Accountholder reasonable control of CDC, or for compliance with any law, rule, regulation or directive of any lawful authority.
covenants with the CDC to observe the terms and conditions relating to DSS and to perform the obligations which such terms 12A.12.6 CDC shall be free of any and all liabilities for any loss of the Book entry Securities in the Investor Account due to any
and conditions purport to impose on the Investor-Accountholder, in the manner provided by such terms and conditions and in Governmental act, orders, decrees, regulations, political disputes, laws, tax, embargo, moratorium, exchange control
any event subject to these Regulations and the Procedures. restrictions, expropriation, war, hostilities, civil disobedience, or any other cause beyond the control of CDC.
12A.13 Investor Accountholder's Warranties and Liabilities
12A.6A.4 An Investor-Accountholder who has subscribed to the DSS may, within the Designated Time and in accordance with
12A.13.1 The Investor-Accountholder represents and warrants to CDC that the registration details and other information set out in the
the Procedures, submit an:
(a) instruction to CDC for selecting a Beneficial TRE certificate holder for the purpose of Earmarking Instruction; and Customer Relationship Form or, as the case may be, the Sahulat Account Opening Form and the KYC Application Form or the
(b) irrevocable Earmarking Instruction to CDC. Provided that CDC shall not accept such Earmarking Instruction from an Simplified Investor Account Opening Form or in any other docu¬ment, form, instruction or communication submitted by the
Investor-Accountholder if it does not comply with the requirements prescribed by CDC in the Procedures. Investor Account holder to CDC in terms of the Terms and Conditions shall be true and correct. The Investor Account holder
12A.6A.4A The Investor-Accountholder shall pay applicable fees and charges payable in accordance with these Regulations and any taxes, shall indemnify CDC for any losses, damages, costs or expenses that may be suffered, incurred or sustained by CDC as a result
duties and levies that may be payable in respect of the Transactions contemplated in an Earmarking Instruction. The of any inaccuracy or mis statement contained in the Customer Relationship Form or, as the case may be, the Sahulat Account
Investor-Accountholder shall ensure that, in addition to any amount blocked pursuant to an Earmarking Instruction, the cash Opening Form or the KYC Application Form or the Simplified Investor Account Opening Form or any other document, form,
available balance with CDC in respect to Investor Accountholder is sufficient to recover the aforesaid fees, charges, taxes, instruc-tion or communication, as referred to above, submitted by the Investor Account holder to CDC
duties and levies. 12A.13.1A The Investor Accountholder represents and warrants to CDC that:
12A.6A.5 Where any EarmarkingInstruction made by an Investor-Accountholder pertains to sale of Securities, CDC shall make payment (a) the Earmarking Instruction submitted by the Investor-Accountholder to CDC is true and correct;
to the relevant Investor-Accountholder in accordance with the Procedures. (b) CDC is fully authorized and empowered to act on such Earmarking Instructions by way of affirmation of the IDS
12A.6A.6 [DELETED] instruction(s) resulting in Delivery of either cash and /or Securities to the Clearing House in settlement of such Earmarking
12A.6A.7 If CDC receives any EarmarkingInstruction from an Investor-Accountholder pursuant to Regulation 12A.6A.4 that is submitted Instruction; and
within the Designated Time, CDC shall, subject to Regulation 12A.6A.8 or, as the case may be, 12A.6A.9, implement the
(c) he will not hold CDC responsible and/or liable for any losses, damages, costs or expenses that he may suffer or incur due
Earmarking Instruction provided that, such Earmarking Instruction complies with all the requirements prescribed by CDC in the
Procedures otherwise CDC shall reject such Earmarking Instruction. to rejection and /or non-affirmation of any IDS instruction(s) byCDC for any other reason attributable to the concerned
12A.6A.8 CDC shall, in accordance with the Procedures, affirm the IDS instruction in respect of any Earmarking Instruction(s), provided Beneficial TRE certificate holder in respect of such Earmarking Instructions or otherwise.
that, all the requirements prescribed by CDC in the Procedures in connection with such affirmation are complied with otherwise 12A.13.2 The Investor Accountholder shall, during the subsistence of the Investor Account, comply with all applicable laws, rules and
CDC shall reject such IDS instruction. regulations, including the Terms and Conditions, these Regulations and the rules and regulations of Securities Exchange and
12A.6A.9 A Beneficial TRE certificate holder shall have the right to release, on a Business Day within the Designated Time, any of the the Clearing House and, where applicable, the terms and conditions relating to DSS.
Securities or, as the case may be, an amount of cash balances in relation to an Earmarking Instruction and CDC shall implement 12A.13.3 The Investor Accountholder shall keep all information pertaining to CDC's affairs which may come to his knowledge in strict
such release upon the Beneficial TRE certificate holder exercising the aforesaid right. confidence.
12A.6B Operations of IPO Facilitation Account and related matters 12A.13.4 In case the Investor Account is a joint account, the liability of the joint Investor Accountholders of such Investor Account shall be
12A.6B.1 A person, who has subscribed to the Securities of an Issuer or an Offeror in a public offering and opted for the credit of such joint and several.
Securities in an IPO Facilitation Account, may make an application on a prescribed format to the CDC in accordance with the 12A.13A Overdue Investor Account
Procedures for transfer of such Securities to his Sub-Account maintained with a Participant or to his Investor Account maintained
12A.13A.1 Where an Investor Account becomes an Overdue Investor Account, CDC shall withdraw the services in respect of such Overdue
with CDC.
Investor Account as are specified by CDC in the Procedures.
12A.6B.2 CDC shall, upon receipt of an application under Regulation 12A.6B.1, transfer the Securities to the Sub-Account or, as the case CDC shall restore the services as referred to in Regulation 12A.13A.1 in respect of an Investor Account which has ceased to be
may be, the Investor Account of the person making the application, in accordance with the Procedures. Provided that no transfer 12A.13A.2
shall be made by CDC, where: an Overdue Investor Account by reason of payment of CDC’s charges by the Investor Account Holder.
12A.14 Suspension and Closing of Investor Account
(a) the UIN(s) of the person(s) making the application are not appearing in the Target Account mentioned in the application; or
(b) any other requirements prescribed by CDC in the Procedures are not met. 12A.14.1 CDC may close the Investor Account at any time by giving twenty (20) Business Days' prior written notice to the Investor
Accountholder. The Investor Accountholder may make representation against such notice within ten (10) days of receipt of the
12A.6B.3 CDC shall maintain an IPO Facilitation Account, including any updation in respect of records of persons whose Securities are
notice. The Board's decision on such representation shall be final and binding.
credited therein, in accordance with the Procedures.
12A.14.2 Notwithstanding any other provisions of this Chapter, CDC shall have the right, subject to prior notice to the Investor-Accoun-
12A.6B.4 Any person whose Investor Account is opened by CDC pursuant to Regulation 12A.3.4(b) under inactive status, may make an
tholder, to suspend the Investor Account at any time with such condition as to the closure of Investor Account if the Investor
application to the CDC in accordance with the Procedures for activation of such Account or transfer of Securities therefrom.
Accountholder commits a breach of any of the Terms and Conditions contained herein or if he violates any applicable laws, rules
12A.6B.5 CDC shall, upon receipt of an application under Regulation 12A.6B.4 for activation of an Investor Account (opened by CDC or regulations and such breach or violation, if capable of being rectified, is not rectified within the period of the written notice of
pursuant to Regulation 12A.3.4) or, as the case may be, transfer of Securities held therein, activate the Investor Account or CDC.
transfer the Securities, as the case may be, provided all the requirements prescribed by CDC in the Procedures in this regard If an Investor Account is suspended, the CDC shall withdraw all the facilities in respect of such Investor Account, provided that,
12A.14.3
have been fulfilled. subject to payment of CDC’s charges and of any costs, expenses, penalties and/or damages incurred or suffered by CDC as a
12A.7 Pledge of Book Entry Securities consequence of the circumstances which led to the suspension of the Investor Account, CDC shall allow Delivery-out and
12A.7.1 The Investor Accountholder may pledge any or all Book entry Securities entered in his Investor Account in favour of an Eligible Withdrawal of Securities in respect of such Investor Account in accordance with the Terms and Conditions and then close such
Pledgee by either giving instructions to CDC on the Securities Pledge Form or by transmitting an electronic instruction to CDC Investor Account.
in accordance with the Procedures. If the CDC is satisfied that the circumstances that gave rise to the imposition of suspension under Regulation 12A.14.2 no longer
12A.14.4
12A.7.2 CDC will scrutinize the Securities Pledge Form or, as the case may be, the electronic instruction, received from the Investor exist, the CDC shall remove the suspension under notice to the concerned Investor-Accountholder.
Accountholder and shall verify that sufficient number of Book entry Securities are available in the Investor Account for creation 12A.14.5 CDC may close the Investor Account where the Investor Account remains suspended for consecutive 30 days in accordance
of the Pledge requested in such Securities Pledge Form or, as the case may be, the electronic instruction. If sufficient number with the Procedures.
of Book entry Securities is available in the Investor Account, CDC shall block, through CDS, the number of Book entry Securities
("Pledged Book entry Securities") as are specified in the Securities Pledge Form or, as the case may be, the electronic
instruction.
12A.14.6 Subject to Regulation 12A.14.7, an Investor Accountholder may at any time close his Investor Account by submitting an Account 12A.16.2 CDC's failure or delay to exercise or enforce any of its rights against the Investor Accountholder shall not operate as waiver of
Closing Request Form to CDC. Upon receiving such a form, CDC shall close the Investor Account so soon as practicably such rights nor shall it prejudice or affect CDC's rights subsequently to act strictly in accordance with the Terms and Conditions.
possible, subject to the payment to CDC of CDC's charges for closing of Investor Accounts and of all other charges and amounts 12A.16.3 All costs and expenses, including legal costs, on attorney client basis, incurred by CDC in connection with the enforcement of
due from the Investor Accountholder to CDC and subject to the condition that no corporate action is pending at that point of time any of its rights under the Terms and Conditions or to resolve any dispute relating to the Book entry Securities Delivered in or
in connection with any Book entry Securities in the Investor Account. Subject to aforesaid, CDC shall allow the Investor Delivered out of the Investor Account shall be payable by the Investor-Accountholder to CDC on a full indemnity basis.
Accountholder, prior to the closure of the Investor Account, to withdraw or transfer all Book entry Securities entered in his 12A.16.4 The illegality, invalidity or enforceability of any provisions contained in this Chapter shall not affect the legality, validity or
Investor Account. enforceability of the other provi-sions of this Chapter.
12A.14.7 An Investor Account will not be allowed to be closed if: 12A.16.5 Any or all applications, requests or other documents (including electronic instructions for Pledging of Securities) (hereinafter in
(a) any Book entry Securities entered therein are in Pledge Position; or this Regulation 12A.16.5 is collectively referred to as the “Request”) to be submitted to CDC by the Investor Accountholder or
(b) there is any pending settlement outstandingin respect of any Earmarking Instructions executed from such Investor by any other person under these Terms and Conditions or the terms and conditions for DSS shall be submitted only on a
Account. Business Day within the Designated Time as notified by CDC for this purpose from time to time. Any Request made by the
12A.15 Joint Accounts Investor-Accountholder or by any other person for a particular transaction after the Designated Time shall be deemed to have
12A.15.1 If the Investor Account is in the name of two or more persons, the balance to the credit of such Investor Account shall belong to been made on the immediately succeedingBusiness Day. Provided that an Earmarking Instruction made by an Investor-Accoun-
the Investor Accountholders or the surviving Investor Accountholder(s) as joint tenants. tholder may only be submitted on a Business Day within the Designated Time.
12A.15.2 A joint Investor Account shall be allowed by CDC to be operated strictly in accordance with the instructions as regards operation 12A.17 Notice
of such Investor Account contained in the Customer Relationship Formor, as the case may be, the Simplified Investor Account Notice or document may be sent by CDC to an Investor-Accountholder and by an Investor-Accountholder to CDC in accordance
Opening Form. with Regulation 2.6.4. Notwithstanding the above, where the Investor Account is a joint Investor Account, sending of a notice or
12A.15.3 In the case of the death of a joint Investor Accountholder, the survivor or survivors, as the case may be, shall constitute the document to the joint Investor-Accountholder named first in the Customer Relationship Form or, as the case may be, the
Investor Accountholder(s) hereunder and, subject to the law, may be allowed by CDC, at its discretion, to continue to maintain Simplified Investor Account Opening Form shall be deemed to have been sent to all the joint Investor-Accountholders.
and operate the Investor Account. 12A.18 Amendment to the Terms and Conditions
12A.15.4 Whether or not the death of any or all of the Investor Accountholders shall have intervened, CDC may continue to act from time 12A.18.1 CDC shall have the right at any time to amend, modify or substitute the Terms and Conditions with the prior permission of the
to time in reliance upon any signing authority conveyed to CDC until CDC shall have received notice in writing from or on behalf Commission. Any such amendment, modification or substitution shall be binding on the Investor Accountholders.
of any of them that such signing authority has been terminated or revoked by operation of law or otherwise. 12A.18.2 Notwithstanding anything to the contrary contained in this Chapter 12A, if the Commission makes any changes, or orders the
12A.15.5 CDC is authorised to treat all the joint Investor Accountholders as being alive unless a death certificate issued by a competent making of any changes, in the Terms and Conditions, the Terms and Conditions, as amended by or in accordance with the order
public functionary, or evidence satisfactory to CDC, has been provided to CDC. of the Commission, shall become applicable to the Investor Accounts, the Investor-Accountholders, the Issuers, the Eligible
12A.15.6 If prior to acting on instructions received from one signatory, where the joint Investor Account is operated with single signing Pledgees and, to the extent applicable, to the CDS Elements from the date such amended Terms and Conditions come into
authority, CDC received contradictory instructions from another signatory, CDC shall immediately there-after only act on the operation.
mandate of all the joint Investor Accountholders or their authorized signatories.
12A.16 Miscellaneous
12A.16.1 The Investor Accountholder irrevocably submits to the non exclusive jurisdiction of the Courts of Pakistan and consents to the
service of process on him by post or in any other manner permitted by law.

l/We confirm having read the above Terms and Conditions which are acceptable to me/us and l/we undertake to abide by them.

NAME (Main Applicant) SIGNATURE DATE

NAME (Joint Applicant -1) SIGNATURE DATE

NAME (Joint Applicant -2) SIGNATURE DATE

NAME (Joint Applicant -3) SIGNATURE DATE

(Note: Incase of non Foreigner, signature must be as per NICOP or Passport/POC respectively, as the case may be)

WITNESSES (By adult males only):

1. NAME SIGNATURE CNIC/SNIC/*NICOP/ARC/POC/** PASSPORT NO.

2. NAME SIGNATURE CNIC/SNIC/*NICOP/ARC/POC/** PASSPORT NO.

*(Incase of Non-Resident Pakistani) **(Incase of Foreign National)

FOR THE USE OF CDC PERSONNEL ONLY

TARIFF VERIFIED BY SIGNATURE & STAMP DATE

APPROVED
ACCOUNT STATUS REJECTED SIGNATURE DATE
(Authorized Signatory)

INVESTOR ACCOUNT NO. ISSUED

ACCOUNT ACCOUNT
SAVED BY POSTED BY SIGNATURE DATE