Pursuant to a resolution adopted at its first meeting held prior to the CSD8 Conference held on 27 April 2005in New York, the Africa and Middle East Depositories Association (hereinafter referred to as “the Association”) was established. The name of the Association shall be “Africa and Middle East Depositories Association” with the acronym being “AMEDA”. The Association is a non-profit organization comprising of organizations . . .
The main objective of the Association is to create a forum for the exchange of information and experiences among its Members within a spirit of mutual cooperation, reciprocity and harmony, in order to develop and promote recommendations for best practices in services such as depository, clearing, settlement, efficiency and risk management and other areas, as well as supporting the Members in their efforts to adopt market regulations and practices . . .