Recognition as Self Regulatory Organization requires regulatory conformity, Board-imposed conditions and prior approval for specified article amendments. Granting recognition as a Self Regulatory Organization depends on the Board being satisfied that the applicant's articles and governing norms conform to specified conditions, that the applicant will comply with additional Board-imposed conditions, and that recognition serves trade and public interest; the Board may then grant a certificate of recognition in Form B1 subject to terms and conditions. Conditions may include membership qualifications, Board representation by nominated directors, and maintenance and audit of members' accounts, and articles on these matters require the Board's prior written approval for amendment.
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.
Recognition as Self Regulatory Organization requires regulatory conformity, Board-imposed conditions and prior approval for specified article amendments.
Granting recognition as a Self Regulatory Organization depends on the Board being satisfied that the applicant's articles and governing norms conform to specified conditions, that the applicant will comply with additional Board-imposed conditions, and that recognition serves trade and public interest; the Board may then grant a certificate of recognition in Form B1 subject to terms and conditions. Conditions may include membership qualifications, Board representation by nominated directors, and maintenance and audit of members' accounts, and articles on these matters require the Board's prior written approval for amendment.
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