S.L. 133.1 Art. 4Transitional arrangements.

(1) Following the announcement of the appointed dematerialisation date, all physical certificates of outstanding Treasury bills must be returned to the Treasury by not later than one business day prior to the appointed date.

(2) The holders of Treasury bill certificates who return their respective certificate to the Treasury prior to the appointed dematerialisation date shall be registered in the Central Securities Depository and after the appointed date shall be provided with notification from the Central Securities Depository confirming such registration in the form of a Registration Advice.

(3) All Treasury bill certificates issued prior to the appointed dematerialisation date shall cease to be negotiable in the secondary market one business day prior to the appointed dematerialisation date.

(4) The nominal value of Treasury bill certificates that have not yet been returned to the Treasury by one business day prior to the appointed dematerialisation date shall be registered by the Treasury in the Central Securities Depository in a Treasury Clients’ Account.