Recognition of sub-brokers required before registration recommendation; exchanges must derecognise before forwarding cancellation and grant recognition promptly. Exchanges must recognise sub-brokers before recommending their registration to the regulator; cancellation requests must be forwarded only after the exchange has de-recognised the sub-broker. Exchanges must promptly grant recognition to all existing sub-brokers if not already done.
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.
Recognition of sub-brokers required before registration recommendation; exchanges must derecognise before forwarding cancellation and grant recognition promptly.
Exchanges must recognise sub-brokers before recommending their registration to the regulator; cancellation requests must be forwarded only after the exchange has de-recognised the sub-broker. Exchanges must promptly grant recognition to all existing sub-brokers if not already done.
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