Renewal of recognition: exchange authorization conditioned on final approval of a settlement guarantee fund before trading resumes. The renewal authorizes the Bhubaneswar Stock Exchange Limited to operate as a recognized exchange for a one year term, but prohibits commencement of trading until final regulatory approval is obtained for the establishment of a Settlement Guarantee Fund or Trade Guarantee Fund, making activation of trading rights contingent on that compliance requirement.
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Provisions expressly mentioned in the judgment/order text.
Renewal of recognition: exchange authorization conditioned on final approval of a settlement guarantee fund before trading resumes.
The renewal authorizes the Bhubaneswar Stock Exchange Limited to operate as a recognized exchange for a one year term, but prohibits commencement of trading until final regulatory approval is obtained for the establishment of a Settlement Guarantee Fund or Trade Guarantee Fund, making activation of trading rights contingent on that compliance requirement.
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