Despite any other provision of any law to the contrary —
(a) the exclusive method of transferring the ownership of foreign securities listed and traded on a securities exchange shall be a transfer made in accordance with the rules and procedures of a clearing agency licensed by the Commission under section 25 where the foreign securities are transferred; and
(b) the exclusive method of determining the ownership of foreign securities listed and traded on a securities exchange shall be the records of a securities registry licensed by the Commission under section 42 where the foreign securities are registered.