Fit and Proper person criteria require intermediary standards; alternate criteria apply when the promoter is exchange, clearing or depository. Determination of a fit and proper person for Index Provider registration requires application of intermediary fit and proper criteria; where the promoter ... Summary
Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018
Fit and Proper person criteria require intermediary standards; alternate criteria apply when the promoter is exchange, clearing or depository.
Determination of a fit and proper person for Index Provider registration requires application of intermediary fit and proper criteria; where the promoter is a stock exchange, clearing corporation or depository, the promoter-linked Index Provider is assessed under the fit and proper criteria applicable to exchanges, clearing corporations and depositories instead of the standard intermediary criteria.
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