Part 9 — Security Certificates, Registers and Transfers Division 1 Interpretation and Application
218 Duty to register transfer
issuer must register the transfer if
(a) the security is endorsed by an appropriate person,
(b) reasonable assurance is giv en that the endorsement is
genuine and effective,
(c) the issuer has no duty to inquire into adverse claims or h as
discharged that duty,
(d) all applicable laws relating to the collection of taxes ha ve
been complied with,
(e) the transfer is rightful or is to a good faith purchaser, and
(f) any transfer fee referred to in section 161 has been paid.
(2) An issuer who has a duty to register a transfer of a security is
liable to the person presenting it for registration for any loss
resulting from an unreasonable delay in registration or from a
failure or refusal to register the transfer.