Recognition of stock exchanges and clearing corporations requires Board satisfaction of eligibility and ongoing compliance conditions. The Board may grant recognition to an applicant as a recognised stock exchange or recognised clearing corporation after confirming compliance with prescribed eligibility conditions, acting in the interest of the securities market; recognition for a stock exchange is in Form B of the rules and for a clearing corporation in Form B of Schedule I, and recognised entities must comply with initial and any subsequently imposed Board conditions including those about the nature of securities dealt with.