Eligibility for registration as a KRA
SEBI considers an application from a fit and proper person falling in one of three categories — a wholly owned subsidiary of a recognised stock exchange having a nation-wide network of trading terminals, a wholly owned…
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
- In-person verificationThe mandatory step in which an authorised official physically confirms that the person opening the account is the person in the KYC documents, and records who did it, when, and in what capacity.
- InteroperabilityA clearing member choosing one clearing corporation to clear and settle everything it trades, across all exchanges, instead of being tied to a separate clearing corporation per exchange.
Where this is taught
Free preparation for NISM Series III-A← All terms