Registration requirements for stock brokers and clearing members: new procedural, fee and networth obligations under amended regulations. Registration is mandatory for each stock exchange or clearing corporation in which a person seeks to operate; applications must be submitted on prescribed forms through the relevant stock exchange or clearing corporation and forwarded to the Board within thirty days. The Board may require further information or personal representation, and will consider eligibility, infrastructure, disciplinary history, fit and proper status, certification of associated persons and prescribed minimum networth and deposit requirements before granting a certificate of registration subject to conditions and payment of fees.
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Registration requirements for stock brokers and clearing members: new procedural, fee and networth obligations under amended regulations.
Registration is mandatory for each stock exchange or clearing corporation in which a person seeks to operate; applications must be submitted on prescribed forms through the relevant stock exchange or clearing corporation and forwarded to the Board within thirty days. The Board may require further information or personal representation, and will consider eligibility, infrastructure, disciplinary history, fit and proper status, certification of associated persons and prescribed minimum networth and deposit requirements before granting a certificate of registration subject to conditions and payment of fees.
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