Utilization of profits and investments by recognised clearing corporations must comply with Board-specified norms under securities regulation. Regulation 40 requires that the utilization of profits and investments by recognised clearing corporations be carried out in accordance with norms ... Summary
Utilization of profits and investments by recognised clearing corporations must comply with Board-specified norms under securities regulation.
Regulation 40 requires that the utilization of profits and investments by recognised clearing corporations be carried out in accordance with norms specified by the Board, creating a direct compliance obligation linking clearing corporations' profit deployment and investment activities to Board-prescribed standards.
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