Stock brokers may operate under other financial regulators' frameworks when permitted by the Board, falling under that regulator's oversight. A stock broker may carry out an activity under the regulatory framework of another financial sector regulator or specified authority in the manner ... Summary
Stock brokers may operate under other financial regulators' frameworks when permitted by the Board, falling under that regulator's oversight.
A stock broker may carry out an activity under the regulatory framework of another financial sector regulator or specified authority in the manner specified by the Board, and such activity shall fall under the purview of the concerned financial sector regulator, which is defined to include authorities constituted to regulate financial services or transactions and other authorities as specified by the Board.
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