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SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE – PRESS RELEASES/ CHAIRMAN’S AND MEMBER’S ORDERS / AO ORDERS/ SAT ORDERS/ NEWSPAPER ADS
UPDATED TILL : 21-NOV-2024

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

STOCK EXCHANGES: DIRECTED NSE TO PREPARE DETAILED DOCUMENTED POLICY WITH RESPECT TO DATA USAGE AND SHARING WITH EXTERNAL PERSONS/ENTITIES IN FAIR & TRANSPARENT MANNER, INCLUDING DATA SHARING WITH ANY RESEARCHERS, COMMERCIAL ENTITIES, OVERSEAS ENTITIES, ETC., WITH DUE PROVISIONS FOR PROCESSES TO BE FOLLOWED AND DISCLOSURES OF CONFLICT OF INTEREST TO BE MADE AT LEVEL OF ANY EMPLOYEE OF NSE AND DIRECTED TO SUBMIT ACTION TAKEN REPORT ALONG WITH OBSERVATION OF ITS GOVERNING BOARD TO SEBI, WITHIN THREE MONTHS FROM DATE OF THIS ORDER

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1 
History of entity/person NATIONAL STOCK EXCHANGE OF INDIA LTD.,THE

(PAN:AAACN1797L)  
  DID NOT EXERCISE ADEQUATE DILIGENCE WITH REGARD TO PROVIDING NSE DATA TO OUTSIDE AGENCIES  DIRECTED NSE TO TAKE NECESSARY LEGAL ACTIONS AGAINST MR.AJAY SHAH, INFOTECH FINANCIAL SERVICES PVT.LTD., MS.SUNITA THOMAS AND MR.KRISHNA DAGLI FOR VIOLATING PROVISIONS OF "PROFESSIONAL SERVICE AGREEMENT" SIGNED WITH INFOTECH IN CONNECTION WITH LIX PROJECT AND FOR MISUSING DATA MADE AVAILABLE TO THEM AND FURTHER DIRECTED TO SUBMIT ACTION TAKEN REPORT ALONG WITH OBSERVATION OF ITS GOVERNING BOARD TO SEBI, WITHIN THREE MONTHS FROM DATE OF THIS ORDER

DIRECTED NSE TO REVIEW ALL THIRD PARTY AGREEMENTS HAVING A DATA SHARING COMPONENT/PROVISION FROM YEAR 2009 ONWARDS AND TAKE NECESSARY LEGAL ACTIONS AGAINST THE PARTIES WITH WHOM SUCH AGREEMENTS WERE SIGNED WHEREVER ANY ACTIONS OF IRREGULARITY, BREACH OF TERMS AND CONDITIONS AND OTHER PROVISIONS OF SUCH AGREEMENTS AND FURTHER DIRECTED TO SUBMIT ACTION TAKEN REPORT ALONG WITH OBSERVATION OF ITS GOVERNING BOARD TO SEBI, WITHIN THREE MONTHS FROM DATE OF THIS ORDER

DIRECTED NSE TO PREPARE DETAILED DOCUMENTED POLICY WITH RESPECT TO DATA USAGE AND SHARING WITH EXTERNAL PERSONS/ENTITIES IN FAIR & TRANSPARENT MANNER, INCLUDING DATA SHARING WITH ANY RESEARCHERS, COMMERCIAL ENTITIES, OVERSEAS ENTITIES, ETC., WITH DUE PROVISIONS FOR PROCESSES TO BE FOLLOWED AND DISCLOSURES OF CONFLICT OF INTEREST TO BE MADE AT LEVEL OF ANY EMPLOYEE OF NSE AND DIRECTED TO SUBMIT ACTION TAKEN REPORT ALONG WITH OBSERVATION OF ITS GOVERNING BOARD TO SEBI, WITHIN THREE MONTHS FROM DATE OF THIS ORDER

DIRECTED NSE TO IMPLEMENT DATA USAGE AND DATA SHARING POLICY AFTER APPROVAL BY GOVERNING BOARD OF NSE AND TO BE DISSEMINATED THROUGH CIRCULAR AND ALSO BE DISPLAYED ON THE WEBSITE OF NSE

30-APR-2019
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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