Eligibility requirements for index providers: incorporation, net worth, infrastructure and fit and proper conditions required within specified timelines. Regulation 5 requires applicants for index-provider registration to be incorporated entities; stock exchanges or regulated intermediaries conducting index activities departmentally must form a separate legal entity within two years. Applicants must meet a minimum net worth threshold (converted at prevailing exchange rates), maintain necessary infrastructure and qualified human resources, and ensure that the applicant, its promoters and directors satisfy fit and proper requirements. Existing entities not yet registered must comply with the net worth criterion within two years of grant of registration.
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.
Eligibility requirements for index providers: incorporation, net worth, infrastructure and fit and proper conditions required within specified timelines.
Regulation 5 requires applicants for index-provider registration to be incorporated entities; stock exchanges or regulated intermediaries conducting index activities departmentally must form a separate legal entity within two years. Applicants must meet a minimum net worth threshold (converted at prevailing exchange rates), maintain necessary infrastructure and qualified human resources, and ensure that the applicant, its promoters and directors satisfy fit and proper requirements. Existing entities not yet registered must comply with the net worth criterion within two years of grant of registration.
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