Withdrawal of recognition requires a hearing, while stock exchanges and clearing corporations follow the prescribed statutory procedure. Withdrawal of recognition of a market infrastructure institution may be undertaken by the Authority only after the institution is given a reasonable ... Summary
Withdrawal of recognition requires a hearing, while stock exchanges and clearing corporations follow the prescribed statutory procedure.
Withdrawal of recognition of a market infrastructure institution may be undertaken by the Authority only after the institution is given a reasonable opportunity of being heard. Recognition of a stock exchange or clearing corporation must be withdrawn in accordance with the procedure prescribed under section 5 of the SCRA.
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