NSE revises penalty structure for unauthorised trade

NSE revises penalty structure for unauthorised trade

The National Stock Exchange (NSE) has decided to impose a penalty of Rs10,000 for every unauthorised trade by a trading member as identified by investor grievance redressal panel, from January1, next year.The amended indicative penalty structure for unauthorised trading also includes debarment of the panel in the immediately preceding calendar quarter a redetermined to be illicit transactions. "Based on the representations received from members for review of the indicative penalty with respect to unauthorised trading, the exchange has amended the indicative penalty structure," the NSE said in a circular onTuesday."The revised measures will come into effect from January1 onwards," it added.

The Business Standard, New Delhi, 27th December 2017

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