Application completeness for designated depository participant approval: incomplete or misleading applications may be rejected but applicants get an opportunity to cure. Applications for approval to act as a designated depository participant that are incomplete or contain material false or misleading particulars shall be deemed deficient and may be rejected, but the applicant must be given a reasonable opportunity to remove the deficiency within the time specified by the Board.
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.
Application completeness for designated depository participant approval: incomplete or misleading applications may be rejected but applicants get an opportunity to cure.
Applications for approval to act as a designated depository participant that are incomplete or contain material false or misleading particulars shall be deemed deficient and may be rejected, but the applicant must be given a reasonable opportunity to remove the deficiency within the time specified by the Board.
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