Relaxation of stock broker regulations allows the Board to grant procedural or hardship-based exemptions on application. Regulation 35 empowers the Board to relax strict enforcement of the stock broker regulations suo moto or on application where relaxation serves investors or market development. Grounds include precedence of other statutory provisions, undue hardship to investors, procedural or technical nature of the requirement, factors beyond the person's control, or irrelevance to a class of industry or person. Applications must be filed through a recognised stock exchange or clearing corporation with a non-refundable fee and accompanied by the intermediary's recommendation; the Board will record reasons for accepting or refusing relief and addresses requests for up to 180 days of confidential treatment.
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.
Relaxation of stock broker regulations allows the Board to grant procedural or hardship-based exemptions on application.
Regulation 35 empowers the Board to relax strict enforcement of the stock broker regulations suo moto or on application where relaxation serves investors or market development. Grounds include precedence of other statutory provisions, undue hardship to investors, procedural or technical nature of the requirement, factors beyond the person's control, or irrelevance to a class of industry or person. Applications must be filed through a recognised stock exchange or clearing corporation with a non-refundable fee and accompanied by the intermediary's recommendation; the Board will record reasons for accepting or refusing relief and addresses requests for up to 180 days of confidential treatment.
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