NSE notifies regarding the Operation of Trading Terminals

Oct 04, 2023 | by TeamLease RegTech Legal Research Team

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Secretarial ComplianceThe National Stock Exchange (NSE) on September 29, 2023, issued a notification regarding the Operation of Trading Terminals.

The following has been stated namely: -

• Members are to select relations (employee, partner/proprietor/Director(s), etc.) in the option “Relationship of Proposed User with Trading Member/Authorized Person” in the ENIT form at the time of requesting for new user id creation or reporting of dealer terminal / CTCL in relevant modules of ENIT interface.

• In case members select office type as “Authorised Person Office” members shall be mandatorily required to enter their authorized person registration number in the field provided in the aforesaid modules.

• Members are advised to update correct relationships for all user ids/12-digit CTCL ids by October 30, 2023.

• Members are required to also ensure that whenever a User of the Member ceases to act in such or any capacity with the Member then user id disablement/12-digit terminal deactivation/username change requests are submitted to the Exchange within 24 hours on the ENIT interface. 

• Failure to upload the details by a member, or any discrepancies observed in the data uploaded by the trading member to the Exchange w.r.t user ids / CTCL ids, shall attract penalty/ disciplinary actions as prescribed by the Exchange from time to time. 

The changes in the aforesaid modules shall be effective from October 01, 2023

 

[Notification No. NSE/MSD/58711]


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