Central Database definitions establish the scope, categories, and unique identification requirements for market participants under securities regulations. Regulation 2 defines terms for the Central Database regime: it identifies covered classes as market participants, mandates generation and allotment of a unique identification number stored in the Central Database, and designates a Designated Service Provider to create and maintain the database. The regulation supplies detailed definitions for relational categories (associate, promoter, relative, related persons, designated employee), clarifies exclusions, and sets a hierarchy of statutory sources for undefined terms while empowering the Board to notify specified intermediaries, investors, and listed companies.
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.
Central Database definitions establish the scope, categories, and unique identification requirements for market participants under securities regulations.
Regulation 2 defines terms for the Central Database regime: it identifies covered classes as market participants, mandates generation and allotment of a unique identification number stored in the Central Database, and designates a Designated Service Provider to create and maintain the database. The regulation supplies detailed definitions for relational categories (associate, promoter, relative, related persons, designated employee), clarifies exclusions, and sets a hierarchy of statutory sources for undefined terms while empowering the Board to notify specified intermediaries, investors, and listed companies.
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