Regulation 14 - Criteria to determine specified intermediaries, specified listed companies and specified investors - Securities and Exchange Board of India (Central Database Of Market Participants) Regulations, 2003

Criteria to determine specified intermediaries, specified listed companies and specified investors 14. For the purposes of specifying the intermediaries, listed companies or investors under sub-regulation (1) of regulation 4 or regulation 5 or sub-regulation (1) of regulation 6, the Board may take into consideration the following factors : (a) with regard to intermediaries or other entities-their kind and the nature of functions performed by them, their networth and other similar factors; (b) with regard to listed companies or companies which intend to get their securities listed-their paid up capital, the number of their public shareholders, the volume of trading in their securities, the proposed issue size and other similar factors; and, (c) with regard to investors - the quantum of investment made by them in the securities of any listed company or their volume of trading in securities in a particular financial year.