Fee clearance and NOC exemption for specified exchange members removes prior approval requirement for certain broker categories. The prior requirement for members to obtain regulator fee clearance and a No Objection Certificate (NOC) before specified actions is no longer applicable to trading and clearing members in equity and currency derivatives segments and to cash-segment stock brokers covered by the alternate payment-of-fees regime, including future migrants into that regime; members remaining under the original fee schedule must continue to comply. Exchanges must notify constituents, amend rules and bylaws, and report implementation status to the regulator.
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.
Fee clearance and NOC exemption for specified exchange members removes prior approval requirement for certain broker categories.
The prior requirement for members to obtain regulator fee clearance and a No Objection Certificate (NOC) before specified actions is no longer applicable to trading and clearing members in equity and currency derivatives segments and to cash-segment stock brokers covered by the alternate payment-of-fees regime, including future migrants into that regime; members remaining under the original fee schedule must continue to comply. Exchanges must notify constituents, amend rules and bylaws, and report implementation status to the regulator.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
