Article 22 Participant's Rights and Obligations
22.1 A Participant shall at all times comply with the BSE Law, Regulations, Resolutions and Procedures, and any amendments to such Law, Regulations, Resolutions and Procedures.
22.2 A Participant shall at all times ensure that before entering the sell transaction on his own securities account, or on behalf of his client's securities account, there is sufficient securities balance on such securities accounts.
22.3 A Participant shall ensure that there are, at all times, sufficient funds for the purpose of fulfilling all his financial obligations resulting from his trading in securities.
22.4 A Participant shall submit to the BSE the following reports:
22.4.1 Copies of unaudited semi-annual financial statements (prepared in accordance with generally accepted accounting standards).
22.4.2 Copies of annual financial statements, audited by independent public accountants, within three months of the fiscal year-end.
22.5 A Participant shall, except as otherwise permitted by the BSE, give all the instructions concerning the securities through the CSU, and not otherwise.
22.6 A Participant's books and other records relating to his operations with the CSU shall be open to the inspection of the duly authorized representative of the BSE at all times.