INSTITUTIONAL MECHANISM FOR PREVENTION AND DETECTION OF FRAUD OR MARKET ABUSE - Securities and Exchange Board of India (Stock Brokers) Regulations, 1992
INSTITUTIONAL MECHANISM FOR PREVENTION AND DETECTION OF FRAUD OR MARKET ABUSE - Securities and Exchange Board of India (Stock Brokers) Regulations, 1992
Registration of sub-brokers: statutory certificate requirement omitted; prior rules required Board-issued certificate with affiliation and SME-platform exceptions. The regulation requiring registration of sub-brokers has been omitted, removing the prior requirement that sub-brokers hold a certificate granted by the ... Summary
Registration of sub-brokers: statutory certificate requirement omitted; prior rules required Board-issued certificate with affiliation and SME-platform exceptions.
The regulation requiring registration of sub-brokers has been omitted, removing the prior requirement that sub-brokers hold a certificate granted by the Board; previously, exceptions existed for mere changes of affiliation between brokers and for sub-brokers affiliated to brokers eligible to trade on the SME platform, subject to related provisions.
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