(1) The
Securities Entrepreneur shall, prior to carry out the Transaction of
Securities, deposit the amount as prescribed by the Board in any
commercial bank as prescribed by the Board as Security, such amount
shall only be use for the purpose of payment of the liability in relation to
the Securities.
(2) While prescribing the amount of security pursuant to Sub-rule
(1), it shall be prescribed on the basis of types of Transaction, number of
transaction and the amount of Transaction to be carried out by the
Securities Entrepreneur.
(3) Notwithstanding anything mentioned in sub-rule (1) and (2),
the Board may provide the exemption to the Securities Entrepreneur
which is carrying out the Transaction of Securities by depositing the
security as prescribed by the Board before the commencement of this
Regulation as not to deposit separate security.