Index Provider registration requires specified corporate, financial and disclosure compliance to obtain and retain a regulatory certificate. The regulations require applicants for index provider registration to submit Form A with comprehensive corporate particulars, directors and key personnel ... Summary
Index Provider registration requires specified corporate, financial and disclosure compliance to obtain and retain a regulatory certificate.
The regulations require applicants for index provider registration to submit Form A with comprehensive corporate particulars, directors and key personnel details, infrastructure and database capabilities, major shareholders and associate concerns, business plans and indices methodologies, audited financial statements demonstrating the required net worth certified by a chartered accountant/CPA, disclosures of regulatory authorisations or disciplinary history, pending litigations and fraud involvement, and declarations signed by two directors together with specified enclosures.
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