Section 59
of Securities Markets Order, 2013
ORDERIn forceProvision 58 of 288
Section 59
An operator of a licensed securities exchange or a licensed clearing house is required to ensure that any outsourcing of important operational functions shall not be undertaken in such a way as to impair materially the quality of its internal control and the ability of the Authority to supervise its compliance with its obligations under this Order or any principles, regulations and codes made thereunder.
Supervision and notification requirements.