Sub-broker registration obligations require fee payment, code compliance, an agency agreement, exclusivity, and specified recordkeeping. Regulation 15 required sub-brokers to pay prescribed fees, abide by the Schedule II Code of Conduct, enter a written agreement with the stock-broker specifying authority and responsibilities, comply with exchange rules and bye-laws, and not be affiliated to more than one stock-broker on the same exchange; it also required maintenance of the books and documents specified in Regulation 17 subject to stated exceptions.
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.
Sub-broker registration obligations require fee payment, code compliance, an agency agreement, exclusivity, and specified recordkeeping.
Regulation 15 required sub-brokers to pay prescribed fees, abide by the Schedule II Code of Conduct, enter a written agreement with the stock-broker specifying authority and responsibilities, comply with exchange rules and bye-laws, and not be affiliated to more than one stock-broker on the same exchange; it also required maintenance of the books and documents specified in Regulation 17 subject to stated exceptions.
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