Registration of capital market intermediaries requires SWIT filings and recognised-entity recommendation before Authority consideration. Applications for a certificate of registration as a CMI in IFSC must be submitted through SWIT with prescribed documents and fees; applicants for broker dealer, clearing member or depository participant roles must apply through the relevant recognised stock exchange, clearing corporation or depository, which will examine eligibility against these regulations and forward recommendations to the Authority. Incomplete applications may be rejected, and applicants must meet additional Authority-specified norms; the grant provisions also apply to renewals.