Section 15 — contract as principal
No member of a recognised stock exchange may, in respect of any securities, enter into a contract as principal with any person other than a member of a recognised stock exchange unless he has secured that person's…
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.
Where this is taught
Free preparation for NISM Series III-A← All terms