NSE issued a notification regarding the Open Architecture Payment Mechanism for Request for Quote (RFQ) platform

Mar 20, 2024 | by TeamLease RegTech Legal Research Team

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Secretarial ComplianceThe National Stock Exchange (NSE) on March 19, 2024, issued a notification regarding the Open Architecture Payment Mechanism for Request for Quote (RFQ) platform.

The open architecture payment mechanism has been introduced for members to facilitate payment of funds for transactions executed on the NSE RFQ Platform, over and above the existing payment options available. The members can make an arrangement with any payment aggregator who has been authorized by the RBI to initiate this payment mechanism. Interested members may reach out to their Relationship Manager.

[Notification No. NSE/DS/61211]


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