Clarification power enables circular-based guidance to resolve difficulties in applying and interpreting intermediary regulations effectively. Regulation 36 empowers the Board to issue clarifications and guidelines through circulars where difficulties arise in applying or interpreting the ... Summary
Clarification power enables circular-based guidance to resolve difficulties in applying and interpreting intermediary regulations effectively.
Regulation 36 empowers the Board to issue clarifications and guidelines through circulars where difficulties arise in applying or interpreting the Securities and Exchange Board of India (Intermediaries) Regulations, 2008. Circulars serve as the prescribed form for resolving uncertainty concerning the regulations' operation and interpretation.
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