The National Commodity and Derivatives Exchange (NCDEX) on January 02, 2025, issued a circular regarding the Measures to instil confidence in the securities market - Brokers' institutional mechanism for prevention and detection of fraud or market abuse with reference to SEBI circular no. SEBI/HO/MIRSD/MIRSD-PoD-/P/CIR/2024/96 dated July 04, 2024.
As required in the SEBI circular, a guidance note is placed in Annexure - A to:
• Recommend best practices to be adopted by the Trading Member for effective trade surveillance operations;
• Describe some common types of market abuse practices and how to identify them; and
• Provide an accountability matrix for different types of suspicious behaviour.
The Members are advised to take note of the above and ensure compliance.
[Circular No : NCDEX/SURVEILLANCE & INVESTIGATION-002/2025]
