(1) The Minister shall cause to be established and maintained a register for issuing and recording ownership of servicing and redeeming of Government securities offered on the domestic, regional or foreign market.
(2) The register under subsection (1) —
(a) is a secure computerized system; and
(b) serves as the electronic register of Government securities.
(3) Ownership of Government securities and a lawful transfer, including a transfer by operation of law in the event of gifts and succession, shall be registered and maintained in only book entry form in the register established and maintained under subsection (1).
(4) A certified copy of an extract from the register stating that an entity has holdings of Government securities is evidence of the ownership of the specified Government securities by that entity, unless the contrary is provided.
Division 2
Government Borrowing by Treasury Bonds and Treasury Notes