The National Stock Exchange (NSE) on September 08, 2023, issued a notification regarding the Position limit violations
The circular shall come into effect from October 03, 2023.
The following has been stated namely: -
• This is in partial modification to Item 16.7, Item 16 “Violations and Penalty” of NCL Consolidated Circular reference no. 097/2023 dated June 28, 2023.
• It states that When the open position of any trading member, exceeds the position limit specified, the penalty/additional margins shall be levied for trading member-wise position limit violation as per the table attached.
[Notification No. NCL/CMPT/58329]
