Annual audited net worth certification requires recognised market infrastructure institutions to submit yearly verification for regulatory compliance. Recognised market infrastructure institutions must submit an audited net worth certificate from their statutory auditor each year by 30 September for the ... Summary
Annual audited net worth certification requires recognised market infrastructure institutions to submit yearly verification for regulatory compliance.
Recognised market infrastructure institutions must submit an audited net worth certificate from their statutory auditor each year by 30 September for the preceding financial year. Net worth of recognised stock exchanges and depositories is based on paid-up equity capital and eligible free reserves, subject to prescribed exclusions and deductions. A clearing corporation's net worth is determined by its aggregate liquid assets, including cash, bank balances, fixed deposits, Government securities and other specified instruments.
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