Currency derivatives registration establishes eligibility, infrastructure, certification, and fee framework for trading and clearing members. Chapter III B creates a registration regime for trading and clearing members in the currency derivatives segment: applications in Form AB must be filed through the relevant segment or clearing body, with separate applications when both trading and clearing activities are sought. The Board may seek information, require personal representation, and will grant certificates in Form DB if eligibility-covering infrastructure, disciplinary history, liabilities, and specified net worth and deposit requirements-is satisfied. Members must comply with code of conduct, KYC, risk disclosure, margin and position limits; Chapters IV-VI apply mutatis mutandis. Schedule IV A prescribes fees and collection procedures.
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Currency derivatives registration establishes eligibility, infrastructure, certification, and fee framework for trading and clearing members.
Chapter III B creates a registration regime for trading and clearing members in the currency derivatives segment: applications in Form AB must be filed through the relevant segment or clearing body, with separate applications when both trading and clearing activities are sought. The Board may seek information, require personal representation, and will grant certificates in Form DB if eligibility-covering infrastructure, disciplinary history, liabilities, and specified net worth and deposit requirements-is satisfied. Members must comply with code of conduct, KYC, risk disclosure, margin and position limits; Chapters IV-VI apply mutatis mutandis. Schedule IV A prescribes fees and collection procedures.
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