Appointment of Directors: procedural disclosures and fit-and-proper confirmations required before recommendation to the Board. Prospective directors must provide prescribed personal, professional and regulatory disclosures, declarations of meeting fit and proper criteria and non association with trading/clearing members, and an undertaking to follow prescribed codes; recognised exchanges/clearing corporations must forward these details and governing board approvals to the Board when recommending names.
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Provisions expressly mentioned in the judgment/order text.
Appointment of Directors: procedural disclosures and fit-and-proper confirmations required before recommendation to the Board.
Prospective directors must provide prescribed personal, professional and regulatory disclosures, declarations of meeting fit and proper criteria and non association with trading/clearing members, and an undertaking to follow prescribed codes; recognised exchanges/clearing corporations must forward these details and governing board approvals to the Board when recommending names.
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