application. Clause 21 In the case where the licensee, being required to maintain its status of legal entity in a conglomerate pursuant to Clause 13(5), is to change its shareholding structure to the extent
(1) or (2) is permissible when the intermediary deems necessary to the extent that it is not: (a) an appointment of third party to be an agent or a broker of a securities company under Section 100 of
of operational function other than sub clause (1) or (2) is permissible when the intermediary deems necessary to the extent that it is not: (a) an appointment of third party to be an agent or a broker
repealed by this Notification and had been in effect before the effective date of this Notification shall remain in force to the extent that they are not in contrary to or inconsistent with the provisions
dated 11 July 2003 which are in effect prior to the effective date of this Notification shall remain in full force to the extent that they are not inconsistent with nor contrary to the provisions of this
this Notification shall remain in full force to the extent that they are not inconsistent with nor contrary to the provisions of this Notification until notifications, orders and circular letters issued
Re: Custody of Clients’ Assets by Securities Companies dated 4 January 2000 which have been in effect prior to the effective date of this Notification shall remain in full force to the extent that they