authorized depository

authorized depository

a UK agent such as a stockbroker or commercial bank, which holds foreign STOCKS and SHARES on behalf of its owners, and which is authorized to conduct such business by the Bank of England.
References in periodicals archive ?
292 (Administrative Code of 1987), "which mandates that all incomes of agencies should accrue to the general fund and deposited in the National Treasury or in a duly authorized depository bank, unless otherwise authorized by law.
CABE endorsed the proposal which mandates academic institutions - universities, higher educational institutions, CBSE and States Boards of Education to entrust academic awards with authorized Depository to be appointed under the legislation for secure storage, authenticated access, online verification and efficient retrieval while ensuring confidentiality, fidelity and authenticity.
All purchases and sales of financial assets in ringgit can only be transacted through authorized depository institutions.
It is the Service's position that businesses required to use EFTPS, but which instead make deposits with a Federal tax deposit coupon at an authorized depository, will be subject to a 10% late payment penalty because the deposit will not have been made "in the manner required" by the Code.
That's why we will remind other law-enforcement agencies to report to us whenever they seize guns during their operations," Petrasanta said, stressing that FEO was the only authorized depository of all confiscated firearms.
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