The National Stock Exchange (NSE) on August 11, 2023, issued a notification regarding Penalties, Disciplinary actions, and charges for Non-submission of the VAPT Report and or Compliance Report and or non-closure of open vulnerabilities.
In order to ensure strict adherence to the regulatory requirements by Members with the prescribed framework applicable for VAPT submission and timely closure of vulnerabilities, the following penalty has been prescribed and shall come into effect from submissions of FY 2023-24 (Including Half yearly for QSB’s) and onwards.
The following are specified-
Table – A – Non-submission of VAPT report and/or compliance report within below as specified in the document attached dates by Members (other than QSB’s)
Table – B – Non-submission of VAPT report and/or compliance report within below as specified in the document attached dates by QSB’s Members
Table C - Penalty/Disciplinary actions applicable in case of non-closure of per open vulnerabilities as reported in the VAPT report within a period of 3 months as specified in the document attached.
The penalty/disciplinary action as mentioned above shall come into effect from submissions of FY 2023-24 (Including Half yearly for QSBs) and onwards.
[Notification No. NSE/INSP/57935]
