Approval for operation in stock exchange segments requires exchange satisfaction of eligibility and notification to regulator. A registered stock broker or clearing member seeking to operate in another stock exchange or additional segment(s) must apply to the concerned stock exchange in the manner specified by the Board; the exchange, after being satisfied that the applicant meets the regulations and other Board-specified eligibility requirements, shall grant approval to operate in that exchange or segment(s) and shall inform the Board of such approval.
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 for operation in stock exchange segments requires exchange satisfaction of eligibility and notification to regulator.
A registered stock broker or clearing member seeking to operate in another stock exchange or additional segment(s) must apply to the concerned stock exchange in the manner specified by the Board; the exchange, after being satisfied that the applicant meets the regulations and other Board-specified eligibility requirements, shall grant approval to operate in that exchange or segment(s) and shall inform the Board of such approval.
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