Application completeness requirement: incomplete or misleading applications for designated depository participant approval may be rejected after giving opportunity to cure. Regulation 15 provides that an application for approval as a designated depository participant that is incomplete or false or misleading in any material particular shall be deemed to be deficient and liable to be rejected, but the applicant must be given a reasonable opportunity to remove the deficiency within the time specified by 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.
Application completeness requirement: incomplete or misleading applications for designated depository participant approval may be rejected after giving opportunity to cure.
Regulation 15 provides that an application for approval as a designated depository participant that is incomplete or false or misleading in any material particular shall be deemed to be deficient and liable to be rejected, but the applicant must be given a reasonable opportunity to remove the deficiency within the time specified by the Board.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI OCR ✕
of 
TaxTMI 
TaxTMI 
