Registration requirements for trading and clearing members: certification, infrastructure, net-worth and compliance govern derivatives participation. A new regulatory framework creates registration, qualification and conduct requirements for trading members and clearing members in derivatives: applications through the relevant exchange or clearing entity in Form AA; Board consideration based on eligibility, infrastructure, disciplinary history, certification and prescribed net worth and deposit requirements for clearing members; issuance of certificates in Form DA or refusal with review; mandatory compliance with code of conduct, KYC, risk disclosure, margin/exposure requirements and payment of fees as per Schedule IV.
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Registration requirements for trading and clearing members: certification, infrastructure, net-worth and compliance govern derivatives participation.
A new regulatory framework creates registration, qualification and conduct requirements for trading members and clearing members in derivatives: applications through the relevant exchange or clearing entity in Form AA; Board consideration based on eligibility, infrastructure, disciplinary history, certification and prescribed net worth and deposit requirements for clearing members; issuance of certificates in Form DA or refusal with review; mandatory compliance with code of conduct, KYC, risk disclosure, margin/exposure requirements and payment of fees as per Schedule IV.
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