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What is the difference between an independent entity and an affiliate of a parent company?

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What is the difference between an independent entity and an affiliate of a parent company?

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When you register on the Exchange, you can choose to register as an independent entity, an affiliate of a registered parent company, or a user for your registered company. Independent Entity (Company Registration) If you register your company as an independent entity on the Exchange, then your company is not associated as an affiliate (subsidiary, division, or branch) of any other company. Other companies, such as your company’s subsidiaries, divisions, or branches, can register as affiliates of your company (with your approval). If another company registers as an affiliate of your company, you are responsible for approving that company’s affiliation with your company. Once you have registered your company as an independent entity, you are responsible for administering your company’s account and users on the Exchange. If another company registers as an affiliate (subsidiary, division, or branch) of your company, you are responsible for approving that company’s association with your com

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