Fit and Proper person criteria require intermediary standards; alternate criteria apply when the promoter is exchange, clearing or depository. Determination of a fit and proper person for Index Provider registration requires application of intermediary fit and proper criteria; where the promoter is a stock exchange, clearing corporation or depository, the promoter-linked Index Provider is assessed under the fit and proper criteria applicable to exchanges, clearing corporations and depositories instead of the standard intermediary criteria.
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.
Fit and Proper person criteria require intermediary standards; alternate criteria apply when the promoter is exchange, clearing or depository.
Determination of a fit and proper person for Index Provider registration requires application of intermediary fit and proper criteria; where the promoter is a stock exchange, clearing corporation or depository, the promoter-linked Index Provider is assessed under the fit and proper criteria applicable to exchanges, clearing corporations and depositories instead of the standard intermediary criteria.
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