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
Broker registration criteria require fitness, infrastructure, certification, networth and absence of adverse disciplinary or financial liabilities. Regulation 5 requires SEBI to consider, for grant of a stock-broker registration certificate, eligibility for exchange membership, adequate infrastructure ... Summary
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Broker registration criteria require fitness, infrastructure, certification, networth and absence of adverse disciplinary or financial liabilities.
Regulation 5 requires SEBI to consider, for grant of a stock-broker registration certificate, eligibility for exchange membership, adequate infrastructure and manpower, relevant trading experience, any disciplinary or enforcement history involving the applicant or connected persons, absence of outstanding financial liabilities under securities laws, possession of required certification for associated persons, and satisfaction of fit-and-proper criteria and the minimum networth and deposit requirements specified for the relevant segment.
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