Eligibility for trading member: subsidiaries may join derivatives segments subject to eligibility criteria and specified compliance conditions. Permission is granted for subsidiaries of stock exchanges to become trading and/or clearing members in the derivatives segment provided they satisfy the exchanges' eligibility criteria and the applicable regulatory requirements governing brokers and sub-brokers, subject to two express conditions: adherence to prescribed risk containment measures and a prohibition on proprietary trading.
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.
Eligibility for trading member: subsidiaries may join derivatives segments subject to eligibility criteria and specified compliance conditions.
Permission is granted for subsidiaries of stock exchanges to become trading and/or clearing members in the derivatives segment provided they satisfy the exchanges' eligibility criteria and the applicable regulatory requirements governing brokers and sub-brokers, subject to two express conditions: adherence to prescribed risk containment measures and a prohibition on proprietary trading.
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