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    Question

    What is the key distinction of an applicant being

    "demutualised" as mentioned in the Regulation 7(2) of Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018? 
    A The ownership and management are combined Correct Answer Incorrect Answer
    B The applicant is a non-profit organization Correct Answer Incorrect Answer
    C Trading and clearing rights are merged Correct Answer Incorrect Answer
    D Ownership and management are separated from trading rights or clearing rights Correct Answer Incorrect Answer
    E The applicant is publicly listed on the stock exchange Correct Answer Incorrect Answer

    Solution

    Explanation.—For the purposes of this sub-regulation, the term "demutualised" means that the ownership  and  management  of  the  applicant  is  segregated  from  the  trading  rights  or  clearing rights, as the case may be, in terms of these regulations.

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