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    Question

    What does the term "clearing corporation" refer to as

    per the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018?
    A An entity established to provide financial advice and investment planning services Correct Answer Incorrect Answer
    B An entity established to facilitate the initial public offering of securities Correct Answer Incorrect Answer
    C An entity established to undertake the activity of clearing and settlement of trades in securities or other instruments traded on a recognized stock exchange Correct Answer Incorrect Answer
    D An entity established to regulate the activities of brokers and dealers in the securities market Correct Answer Incorrect Answer
    E An entity established to offer insurance and risk management services for financial transactions Correct Answer Incorrect Answer

    Solution

    Regulation 2 Definitions (d) "clearing corporation" means an entity that is established to undertake the activity of clearing and settlement of trades in securities or other instruments or products that are dealt with or traded on a recognized stock exchange and includes a clearing house and a limited purpose clearing corporation specified under Chapter IV-A.

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