https://www.taxtmi.com/circulars?id=60991 Requires separation of cash and derivative segments via distinct legal frameworks, membership, guarantee funds and governing councils while permitting shared operational resources; withdraws the mandatory appointment of a separate derivative-segment CEO with Executive Director/Managing Director assuming those duties; replaces 100% annual member inspections with a risk- and activity-based inspection policy that targets top members, samples remaining members, avoids prolonged non inspection of active participants, and must be submitted to the regulator for approval. en-us Wed, 18 Dec 2002 00:00:00 +0530 Thu, 16 May 2019 12:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=60991 Requires separation of cash and derivative segments via distinct legal frameworks, membership, guarantee funds and governing councils while permitting shared operational resources; withdraws the mandatory appointment of a separate derivative-segment CEO with Executive Director/Managing Director assuming those duties; replaces 100% annual member inspections with a risk- and activity-based inspection policy that targets top members, samples remaining members, avoids prolonged non inspection of active participants, and must be submitted to the regulator for approval. Circulars SEBI Wed, 18 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60991