Networth requirement for stock brokers increased in staged timelines; self clearing members meeting stock broker networth rules eligible to register. Amendment replaces provisos in regulation 35(a)(viii) to require staged increases in networth for stock brokers registering as depository participants, and confirms that a self-clearing member meeting the networth requirements under the Stock Brokers Regulations is eligible to register as a depository participant.
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Provisions expressly mentioned in the judgment/order text.
Networth requirement for stock brokers increased in staged timelines; self clearing members meeting stock broker networth rules eligible to register.
Amendment replaces provisos in regulation 35(a)(viii) to require staged increases in networth for stock brokers registering as depository participants, and confirms that a self-clearing member meeting the networth requirements under the Stock Brokers Regulations is eligible to register as a depository participant.
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