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of <h1>2012 Regulations Clarify Key Terms for Securities, Including 'Act,' 'Associate,' 'Clearing Corporation,' and 'Trading Member'</h1> The Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012, defines key terms relevant to securities regulation. These include 'Act,' referring to the Securities Contracts (Regulation) Act, 1956, and 'associate,' which encompasses entities exerting control over another. The 'Board' denotes the Securities and Exchange Board of India, while 'clearing corporation' refers to entities handling trade settlements. Other definitions cover 'company,' 'control,' 'governing board,' 'key management personnel,' 'netting,' and 'novation.' The regulation also describes roles such as 'public interest director' and 'shareholder director,' and outlines the meaning of 'trading member' and 'public.' Unspecified terms follow definitions from related legislation.
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