Stock broker further need clearing rights too either being clearing member or self-clearing member to do trading clearing and settlements.

The broker itself can be clearing member or can-do agreement with separate one to do activities of Clearing which means a person having cleared and settlement rights in any recognized clearing corporation.

No separate registration shall be required for stock broker registered with Board to act as clearing member. However, it required approval of clearing corporation of which it is admitted as a member to do services of clearing member. An application for grant of a certificate of registration as clearing member shall be submitted to Board in Form AD of schedule I through the clearing corporation of which it is admitted as member. Further clearing corporation shall forward the application form to the Board as early as possible, but not later than 30 days from the date of its receipt.

However, it required approval of clearing corporation of which it is admitted as a member to do services of clearing member. An application for grant of a certificate of registration as clearing member shall be submitted to Board in Form AD of schedule I through the clearing corporation of which it is admitted as member. Further clearing corporation shall forward the application form to the Board as early as possible, but not later than 30 days from the date of its receipt.