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of <h1>Applications for Stock Exchange and Clearing Corporation Recognition Must Comply with SEBI Regulations and Rule 3 Requirements.</h1> An application for recognition as a stock exchange must comply with the relevant Act, rules, and regulations, and be submitted to the Board in Form A, as outlined in rule 3. Similarly, an application for recognition as a clearing corporation should be submitted in Form A, as specified in Schedule I of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018. These applications are governed by the Securities and Exchange Board of India (SEBI) regulations.
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