Intermediaries 【Simple】
: Wholesalers, retailers, agents, and brokers (e.g., real estate or literary agents).
: Intermediaries manage and diversify risks for their clients, such as a mutual fund spreading an investor's capital across various stocks to reduce the impact of a single failure. intermediaries
: Online search engines, social networking services, and specialized data sharing platforms. Compliance Function at Market Intermediaries : Wholesalers, retailers, agents, and brokers (e
: Commercial banks, mutual funds, insurance companies, and stock exchanges. and brokers (e.g.
: Data intermediaries act as neutral third parties that connect data holders with users. They must maintain structural separation to ensure they don't profit directly from the data they handle.