The Multi Commodity Exchange (MCX) on December 16, 2024, issued a circular regarding the Penalty Structure for failure to implement the Framework to provide the Facility of Voluntary Freezing / Blocking of Trading Accounts.
The following has been stated: -
•SEBI and the Exchanges have issued circulars regarding implementing a framework for clients to voluntarily freeze/block trading accounts.
•A penalty structure for non-compliance with these provisions has been formulated and is outlined in Annexure A.
•Members are advised to adhere to the guidelines and ensure compliance. Failure to do so will lead to penalties as specified.
[Circular No. MCX/INSP/820/2024]
