The National Stock Exchange of India Limited (NSE) on May 24, 2024, issued a circular regarding Mandatory Insurance Cover for FY 2024-25.
The following has been stated: -
•Trading Members are advised to ensure that their Stock Brokers Indemnity Policy is in order for the FY 2024-25.
•Trading Members whose Stock Brokers Indemnity Policy is expiring on May 31, 2024, are required to submit the details for the same through ENIT on or before July 31, 2024.
•Further, trading members who hold a Stock Brokers Indemnity Policy expiring on any date other than May 31, 2024, will be granted a period of one month from the expiry date to submit the details of the renewed policy.
The detailed circular is given in the document below.
[Circular Ref. No: 21/2024]
