Liability for action under the Securities and Exchange Board of India (Intermediaries) Regulations, 2008

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..... r a sub-broker shall be liable for any action as specified in 2 [Chapter V of the Securities and Exchange Board of India (Intermediaries) Regulations, 2008] including suspension or cancellation of his certificate of registration as a stock broker or a sub-broker 6 [ **** ] , if he- (i) ceases to be a member of a stock exchange; or (ii) has been declared defaulter by a stock exchange .....

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..... ations and bye-laws of the stock exchange of which he is a member; or (ix) fails to co-operate with the inspecting or investigating authority; or (x) fails to abide by any award of the Ombudsman or decision of the Board under the Securities and Exchange Board of India (Ombudsman) Regulations, 2003; or (xi) fails to pay the penalty imposed by the Adjudicating Officer; or (xii) indulges .....

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..... nt) Regulations, 2003, w.e.f. 20-11-2003. 2 Substituted for SEBI(Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002 by the SEBI (Intermediaries) Regulations, 2008, w.e.f. 26-05-2008. 3. Substituted vide Notification No. SEBI/LAD-NRO/GN/2021/14 dated 30-03-2021 before it was read as Enquiry Proceeding Regulations 4. Substituted vide Notificati .....

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