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      Question

      According to the Regulation 28 of Securities Contracts

      (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018, What are the three verticals into which every recognized stock exchange and recognized clearing corporation should segregate their functions?
      A Financial, Technical, and Operational Correct Answer Incorrect Answer
      B Customer Service, Marketing, and Sales Correct Answer Incorrect Answer
      C Critical Operations, Regulatory Compliance, and Business Development Correct Answer Incorrect Answer
      D Critical operations, Regulatory compliance and miscellaneous Correct Answer Incorrect Answer
      E Critical operations, Research, and Operations Correct Answer Incorrect Answer

      Solution

      As per Reg 28-(1) Every recognised stock exchange and recognised clearing corporation shall identify its functions and segregate them into the following verticals:(a)Critical Operations(b)Regulatory, Compliance, Risk Management and Investor Grievances; and (c)Other functions including business development.

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