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SOURCE OF INFORMATION

SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE – PRESS RELEASES/ CHAIRMAN’S AND MEMBER’S ORDERS / AO ORDERS/ SAT ORDERS/ NEWSPAPER ADS
PERIOD COVERED : 30-NOV-2007 TO 07-AUG-2025

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: VIOLATED SEBI (STOCK EXCHANGES & CLEARING CORPORATIONS) REGULATIONS, 2018

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person MULTI COMMODITY EXCHANGE CLEARING CORP.LTD.

(PAN:AAFCM9108B)  
  ALLEGED BLOCKING OF HIGHEST MARGIN SHORTFALL INSTEAD OF CUMULATIVE MARGIN SHORTFALL FROM DEPOSITS OF CLEARING MEMBER VIOLATING CIRCULAR DATED 01/09/2016 READ WITH MASTER CIRCULARS DATED 04/08/2023 AND REGULATION 7(4)(B) OF SEBI (SECC) REGULATIONS, 2018   REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.2,70,00,000 VIDE CONSENT ORDER)

01-APR-2025 		 
2
History of entity/person NATIONAL STOCK EXCHANGE OF INDIA LTD.,THE

(PAN:AAACN1797L)  
  ALLEGED FAILURE TO CARRY OUT OBLIGATION OF SAFEKEEPING TRADE RELATED DATA AND PREVENTING UNAUTHORIZED USAGE OF PROPRIETARY, MEMBER-RELATED AND POTENTIALLY MARKET SENSITIVE INFORMATION

ALLEGED INTERNAL COMMITTEE WAS GIVEN THE AUTHORITY TO WAIVE OFF PENALTY AMOUNT IMPOSED UNDER MEMBER AND CORE SETTLEMENT GUARANTEE FUND COMMITTEE (MCSGFC) POLICY WITHOUT OBTAINING PRIOR APPROVAL FROM (MCSGFC)

ALLEGED CLIENT CODE MODIFICATIONS PERMITTED FOR TRADES BETWEEN TWO UNRELATED INSTITUTIONAL CLIENTS WITHOUT ANY DUE DILIGENCE VIZ. WITHOUT VERIFYING GENUINENESS AND WITHOUT PENALIZATION

- ALLEGED NO POLICY IN PLACE WITH RESPECT TO DEFINING BROKERS AS FREQUENT MODIFIERS AND THEREBY NO ACTION WAS TRIGGERED IN RESPECT OF ANY SUCH BROKERS AS OTHERWISE MANDATED BY SEBI

ALLEGED FAILURE TO FORMULATE POLICY FOR CARRYING OUT REVIEW OF ERROR TRADES AND FREQUENCY OF SUCH REVIEWS

ALLEGED FAILURE TO ENSURE PROPER MECHANISM FOR PERFORMING DUE DILIGENCE TO VERIFY GENUINENESS OF CLIENT CODE MODIFICATIONS

ALLEGED OUTSOURCE AND SHARING CONFIDENTIAL, PRICE SENSITIVE INFORMATION OF LISTED COMPANIES WITH NSE DATA AND ANALYTICS LTD. FOR ONWARD DISTRIBUTION TO A THIRD-PARTY VENDOR WITHOUT HAVING ANY LEGALLY BINDING AGREEMENT

ALLEGED SYSTEM ARCHITECTURE ENABLED TO SEND UNPUBLISHED PRICE SENSITIVE CORPORATE ANNOUNCEMENT TO CLIENTS OF NSE DATA AND ANALYTICS LTD. PRIOR TO HOSTING THE SAME ON ITS WEBSITE VIOLATING REGULATION 3 OF SEBI (PIT) REGULATIONS, 2015   		REACHED SETTLEMENT (SETTLEMENT CHARGES RS.40,35,00,000 VIDE CONSENT ORDER)

31-JUL-2025 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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