Approval of designated depository participant: Board may grant on satisfaction of eligibility and must dispose applications promptly after required information. Approval of designated depository participants requires the Board to be satisfied that an applicant meets eligibility criteria and regulatory requirements, including payment of prescribed fees. The Board must dispose of the application promptly and within a specified period measured from receipt of the application or, if additional information was called for, from receipt of that information.
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 of designated depository participant: Board may grant on satisfaction of eligibility and must dispose applications promptly after required information.
Approval of designated depository participants requires the Board to be satisfied that an applicant meets eligibility criteria and regulatory requirements, including payment of prescribed fees. The Board must dispose of the application promptly and within a specified period measured from receipt of the application or, if additional information was called for, from receipt of that information.
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