List of securities in foreign transactions

(1) Where the securities are, by agreement, acquired and kept abroad, the commission agent need send the list of securities only on the principal's demand. The principal may demand the sending at any time, unless foreign law precludes the transfer of ownership of the securities by dispatch of the list of securities, or unless the commission agent is entitled, under section 19(1), to defer the sending.
(2) Where the principal declares that it demands sending of the list of securities, the period for sending the list of securities begins at the earliest at the time when the declaration reaches the commission agent. The demand must be made in text form and must precisely designate the securities that are to be included in the list of securities.