The National Stock Exchange (NSE) on January 16, 2024, issued the notification regarding the update on Cautionary Messages on Trading Terminal.
The following has been stated namely: -
• To standardize the format across Exchanges and to facilitate dissemination of scrip-specific cautionary messages (single/multiple) on trading terminals at the time of order entry, a new file REG_INDDDMMYY.csv and an existing file shall be provided to identify securities that are under Surveillance and Other actions.
• In case multiple messages are eligible to be displayed, the trading members must provide all eligible messages in the pop-up.
• The file (REG_INDDDMMYY.csv) containing the security-wise identifiers, shall be made available daily on the Exchange website from January 16, 2024, as per the specified dates in the respective paths.
• The REG_INDDDMMYY.csv file shall be applicable for the next trading day
• Trading Members are required to develop functionality on their non-NEAT front end including IBT, STWT, CTCL, etc., whereby any person while placing an order in a security for which the cautionary indicators are applicable gets the prescribed message so that the person placing the order is aware of such single/multiple actions on the scrip before placing the order.
• If a security qualifies for a combination of multiple actions, e.g. Qualifies for ‘GSM-0’, ‘ESM-1’, ‘Failed to pay Annual listing fee’ & ‘BAN period’ in F&O’, then the pop-up message while placing an order for that security shall display all the 3 messages.
• The pop-up message verbatim should mandatorily be included in the pop-up message on the trading front-end.
• Trading members are requested to build the requisite functionality and comply with the circular by January 19, 2024.
[Notification No. NSE/SURV/60281]
