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: explicit cross-application of core regulatory chapters to sub-brokers has been omitted, affecting compliance framing. Regulation 16 previously provided that Chapters IV, V and VI of the Stock Brokers Regulations applied to sub-brokers as they did to stock brokers; that ... Summary
Registration of sub-brokers: explicit cross-application of core regulatory chapters to sub-brokers has been omitted, affecting compliance framing.
Regulation 16 previously provided that Chapters IV, V and VI of the Stock Brokers Regulations applied to sub-brokers as they did to stock brokers; that explicit provision has been omitted by later notification, removing the direct statutory cross-application language for sub-brokers.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.