Registration requirement: certificate from the Board mandated for brokers and clearing members, subject to exchange or clearing approval. Amendments require a Board certificate of registration to act as a stock broker or clearing member, while clarifying that no separate registration is needed for a clearing member to act as a stock broker or vice versa within trading or clearing bodies of which they are members, subject to approval by the concerned exchange or clearing corporation. Registered intermediaries seeking to operate in other exchanges, clearing corporations or segments must apply to the concerned body, which shall grant approval after satisfying itself of regulatory and eligibility compliance and inform the Board. Form and Schedule I changes update application particulars and replace the Certificate of Registration text.