SEBI strengthens criteria for determination of applicant intermediaries as ‘fit and proper person’

The SEBI has notified the SEBI (Intermediaries) (Third Amendment) Regulations, 2021. Amendment has been made to the Schedule II of the SEBI (Intermediaries) Regulations, 2008 which prescribes the ‘Criteria for determining a ‘fit and proper person. As per Regulation 7, the Board takes into account all matters which it deems relevant to the activities in the securities market for considering the eligibility of the applicant and to grant of certificate to such applicant.The SEBI has notified the SEBI (Intermediaries) (Third Amendment) Regulations, 2021. Amendment has been made to the Schedule II of the SEBI (Intermediaries) Regulations, 2008 which prescribes the ‘Criteria for determining a ‘fit and proper person. As per Regulation 7, the Board takes into account all matters which it deems relevant to the activities in the securities market for considering the eligibility of the applicant and to grant of certificate to such applicant.taxmann.com Latest Statutory HappeningsRead More

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