The National Stock Exchange (NSE) on December 18, 2023, issued a notification regarding Administrative actions for terminal(s) not found at the reported location(s).
The Exchange, from time to time, reviews the existing regulatory policies and framework to improve regulatory compliance by the Members. Further, the Exchange also periodically evaluates the penal provisions for non-compliance by the members regarding various regulatory requirements to make it more effective and act as a deterrent. During inspections, the Exchange has observed several instances of terminal(s) not found at the location(s) reported to the Exchange.
Further, in case of repeated violations, escalated actions shall be initiated as per Exchange Circular which will be in addition to the administrative actions as prescribed.
The provisions of this circular shall be applicable with immediate effect.
[Notification No. NSE/INSP/59809]
