(1) In this section -

"nominated central securities depository" means the particular central securities depository that is expressed in the special resolution specified in section 5(1) to be the central securities depository to which it is proposed that the participating securities concerned will be migrated;

"security holders" means the holders of the participating securities of the kind referred to in section 4(1).

(2) In this Act, a reference to the migration of participating securities of the kind referred to in section 4(1) shall be construed as a reference to both of the following occurring (with effect, as provided under section 11, on the live date referred to therein):

(a) the title to those participating securities becoming and being vested in -

(i) the nominated central securities depository, or

(ii) if such a body has been so nominated in this behalf, a body nominated by the nominated central securities depository with respect to its operations as a central securities depository,