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<h1>Approved Intermediaries Must Comply with Securities Lending Scheme 1997: Guidelines, Collateral, Record-Keeping, and Reporting Obligations</h1> An approved intermediary under the Securities Lending Scheme, 1997, must adhere to several obligations and responsibilities. These include complying with the scheme's guidelines, meeting eligibility criteria for lenders and borrowers, and detailing fees in agreements. They must specify acceptable collateral types and valuation norms, and issue detailed receipts for securities transactions. The intermediary must maintain comprehensive records of securities transactions, which are subject to inspection by the Board. Additionally, they must provide required information and reports to the Board, adhere to a specified code of conduct, and fulfill all legal obligations.