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of <h1>Clearing Corporations and Stock Exchanges Require Board Approval for New Services and Segments Under New Regulations</h1> A recognized clearing corporation must obtain approval from the Board before providing services to any segment of a recognized stock exchange or admitting any securities for clearing and settlement. Similarly, a recognized stock exchange is prohibited from introducing any new segment without prior approval from the Board. These regulations ensure oversight and compliance in the admission of securities for clearing and settlement.
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