Approval requirement for clearing services: clearing corporations and stock exchanges must obtain regulator approval before new segments or admissions. A recognised clearing corporation must obtain Board approval before extending services to any segment of a recognised stock exchange or admitting securities for clearing and settlement; similarly, a recognised stock exchange may not introduce any new segment without prior approval of the Board.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Approval requirement for clearing services: clearing corporations and stock exchanges must obtain regulator approval before new segments or admissions.
A recognised clearing corporation must obtain Board approval before extending services to any segment of a recognised stock exchange or admitting securities for clearing and settlement; similarly, a recognised stock exchange may not introduce any new segment without prior approval of the Board.
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