Demutualisation of stock exchanges refers to

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Examveda

A. the legal structure of an exchange whereby the ownership, the management and the trading rights at the exchange are segregated from one another

B. the legal structure of an exchange whereby the ownership and the management at the exchange are segregated from one another

C. the legal structure of an exchange whereby the ownership, the management and the trading rights at the exchange vests in one person

D. None of the above

Answer: Option A

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