Single registration for brokers requires one central certificate and exchange approvals for operating across multiple markets. Single registration replaces separate registrations for each exchange or clearing corporation by issuing one certificate of registration to a broker or clearing member, while operation on additional exchanges or clearing corporations requires approval from the concerned exchange/clearing corporation; approvals are subject to due diligence including Fit and Proper criteria, rectification of past deficiencies, recovery of dues, and applicable segment-wise fees.
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.
Single registration for brokers requires one central certificate and exchange approvals for operating across multiple markets.
Single registration replaces separate registrations for each exchange or clearing corporation by issuing one certificate of registration to a broker or clearing member, while operation on additional exchanges or clearing corporations requires approval from the concerned exchange/clearing corporation; approvals are subject to due diligence including Fit and Proper criteria, rectification of past deficiencies, recovery of dues, and applicable segment-wise fees.
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