Regulatory Alerts2025-05-19
Added · Updated
Securities (Self-Regulatory Organizations) (General Requirements) Rules, 2020
These Rules establish the general requirements for the recognition, membership, responsibilities, and oversight of Self-Regulatory Organizations (SROs) under the Securities Act. They mandate that associations submit operational manuals, undergo police clearance for directors and senior managers, and maintain independent board representation of at least one-third. Recognized SROs are required to enforce rules through disciplinary committees, maintain member registries, handle complaints, and manage delegated functions such as licensing and market surveillance while ensuring confidentiality and record-keeping.
Topics
Share