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<h1>Restriction on association with unregulated advisers bars exchanges and clearing corporations from linking with unpermitted advice or performance-claiming persons.</h1> Regulation 44B requires recognized stock exchanges, recognized clearing corporations and their agents to refrain from any direct or indirect association with persons who provide advice or recommendations about securities, or who claim returns or performance related to securities, unless those persons are registered with or permitted by the Board; associations include transactions, referrals, IT-system interactions or similar links, while specified digital platforms authorised by the Board may be excepted if they have Board satisfactory preventive and curative mechanisms.