Administration of specified intermediaries: recognised stock exchanges may perform supervision with Board approval and specified conditions. Administration and supervision of specified intermediaries may be carried out by a recognised stock exchange with the approval of the Board, and only on such terms, conditions and to such extent as the Board may specify, thereby permitting conditional delegation of oversight functions while preserving Board control.
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Provisions expressly mentioned in the judgment/order text.
Administration of specified intermediaries: recognised stock exchanges may perform supervision with Board approval and specified conditions.
Administration and supervision of specified intermediaries may be carried out by a recognised stock exchange with the approval of the Board, and only on such terms, conditions and to such extent as the Board may specify, thereby permitting conditional delegation of oversight functions while preserving Board control.
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