NISM Certifications · NISM-Series-VIII: Equity Derivatives · Legal and Regulatory Environment
Under SEBI's rules for the equity derivatives segment, a person who wants to act as a clearing member must satisfy which of the following?
A clearing member must meet the net worth and other eligibility criteria prescribed by SEBI and be admitted by the clearing corporation. There is no route through RBI registration alone or without clearing corporation approval.
- AMeet the net worth and eligibility criteria prescribed by SEBI and be approved by the clearing corporationCorrect
- BBe an individual with no net worth requirement
- CBe registered only with the RBI
- DBe a listed company with no clearing corporation approval
Explanation
Clearing members must meet minimum net worth and other eligibility conditions prescribed by SEBI and the clearing corporation, and be admitted by the clearing corporation. The other choices describe requirements that do not exist.
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