NSE issued a notification regarding Consolidated Penalty Structure for Surveillance

Jun 29, 2023 | by TeamLease RegTech Legal Research Team

Free Legal updates for the week 00

Secretarial ComplianceThe National Stock Exchange, (NSE) on June 27, 2023, issued a notification regarding Consolidated Penalty Structure for Surveillance.

The penalty for the following has been stated-

•Unique Identifier for Algorithms

•Quote stuffing

•Order modifications without change in price and quantity

•High algo order messages in stock/stock derivatives with Nil or low trade count

•Non-algo id pumping excessive order messages

•Market Orders emanating from Algo

[Notification No.NSE/SURV/57315]

View Document 1

Bookmark

Related Updates

View More Related Updates


Alternate Text

Get updates on the go on RegUpdate Mobile App.

Alternate Text
✦ NEW  ·  AI ASSISTANT