Stock Broker Regulation defines control, clearing roles, market abuse, proprietary trading, digital transaction platforms and regulatory sandbox arrangements.
Regulation 2 supplies the definitional framework for stock-broker regulation, covering stock brokers, clearing members, proprietary trading, underwriting, Execution Only Platforms and regulatory sandboxes. Change in control is determined by the applicable takeover or company-law definition for body corporates and includes changes in legal formation, ownership or controlling interest for other entities. The regulation defines market abuse, fraud, mule accounts and suspicious activity, and applies meanings assigned under specified securities, corporate and depository laws where a term is not independently defined.
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