Regulatory Alerts2023-09-12
Proposed Amendment To Rule 234- Inter-Dealer Broker
The proposed amendment modifies the definition of an Inter-Dealer Broker (IDB) under Rule 234 to explicitly include participants in the Exchange-traded derivatives market alongside the existing bonds and OTC derivatives markets. This expansion aims to broaden the scope of permissible activities for IDBs within the capital market framework. The primary objectives of this change are to deepen market participation and enhance overall market liquidity.
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