The National Securities Depository Limited (NSDL) on December 11, 2024, issued a notification regarding the Amendment to the Business Rule of the NSDL Penalty.
All Participants are hereby informed of amendments to Rule 18 of the NSDL Business Rules. New provisions, Rule 18.1.6 and Rule 18.2.6, have been inserted to address non-compliance issues. These provisions empower NSDL to issue advisories, deficiency notices, warning letters, impose higher monetary penalties, or take other appropriate actions against Participants, Issuers, and/or RTAs on a case-to-case basis, depending on the nature and severity of the non-compliance.
The detailed amendments are enclosed in the track-change format as Annexure A.
[Notification No. NSDL/POLICY/2024/0177]
