SME platform eligibility: brokers with nationwide exchange membership may trade without separate registration, subject to regulatory conditions. The amendment allows a stock broker holding registration via membership of a recognised exchange with nationwide trading terminals to trade on the SME platform of that exchange without a separate registration, subject to the conditions of regulation 6A; it also provides that a registered sub-broker affiliated to such an eligible stock broker need not obtain a fresh certificate under regulation 11(1), subject to regulation 12A, and defines SME platform as the exchange trading platform permitted to list securities under Chapter XA of the ICDR Regulations.
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.
SME platform eligibility: brokers with nationwide exchange membership may trade without separate registration, subject to regulatory conditions.
The amendment allows a stock broker holding registration via membership of a recognised exchange with nationwide trading terminals to trade on the SME platform of that exchange without a separate registration, subject to the conditions of regulation 6A; it also provides that a registered sub-broker affiliated to such an eligible stock broker need not obtain a fresh certificate under regulation 11(1), subject to regulation 12A, and defines SME platform as the exchange trading platform permitted to list securities under Chapter XA of the ICDR Regulations.
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