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          <h1>Regulation 38A empowers stock exchanges to oversee intermediaries with Board approval under set conditions.</h1> Regulation 38A of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018, allows recognized stock exchanges to administer and supervise specified intermediaries with the approval of the Board. This provision permits such activities to be conducted under terms and conditions determined by the Board. This regulation was inserted through a notification dated April 26, 2024.

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