(1) A designated public credit institution shall establish and keep a register in respect of -

(a) the public credit covered securities that it has issued,

(b) the cover assets hedge contracts that it has entered into, and

(c) the public credit assets and substitution assets that it holds as security for those securities and contracts.

(2) The register is to be called the register of public credit covered securities business.

(3) The register may be kept in book form, in electronic form or in any other form so long as the register is capable of being reproduced visually.

(4) The institution shall include in the register the following particulars -

(a) particulars of the public credit covered securities that it has issued;

(b) the cover assets hedge contracts that it has entered into;

(c) particulars of the public credit assets and substitution assets that it holds as security for those securities and contracts;