Market access certification now requires authorised persons' approved users and sales staff to hold continuous segment-specific certification. The circular modifies the existing market-access framework by deleting a prior sub-clause and inserting a new provision requiring that approved users and sales personnel of Authorised Persons possess and maintain the necessary certification for the respective segments at all times, aligning their obligations with those of stock brokers and sub-brokers; exchanges must amend bye-laws to implement the framework and the measure takes effect immediately under regulatory powers to protect investors.
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Provisions expressly mentioned in the judgment/order text.
Market access certification now requires authorised persons' approved users and sales staff to hold continuous segment-specific certification.
The circular modifies the existing market-access framework by deleting a prior sub-clause and inserting a new provision requiring that approved users and sales personnel of Authorised Persons possess and maintain the necessary certification for the respective segments at all times, aligning their obligations with those of stock brokers and sub-brokers; exchanges must amend bye-laws to implement the framework and the measure takes effect immediately under regulatory powers to protect investors.
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