Surrender of approval permits a designated depository participant to request the Board to relinquish approval subject to protective conditions. Regulation 19 permits an approved designated depository participant to request the Board to surrender its approval when ceasing the approved activity; the Board may impose conditions to protect investors, clients or the securities market, and the participant must comply with those conditions.
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.
Surrender of approval permits a designated depository participant to request the Board to relinquish approval subject to protective conditions.
Regulation 19 permits an approved designated depository participant to request the Board to surrender its approval when ceasing the approved activity; the Board may impose conditions to protect investors, clients or the securities market, and the participant must comply with those conditions.
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