SEBI seeks explanation from NSE on trading halt
PrintListen to this Article
Sebi said it has advised NSE to conduct a detailed root-cause analysis of the “trading halt" and also explain the reasons for trading not migrating to the disaster recovery site, the people said on condition of anonymity.
“The technical advisory committee (TAC) of Sebi is looking into the entire matter and Sebi has asked NSE for clarifications on the disruption. The TAC will be ready with a preliminary report within a week or so," one of the people cited above said.
“Sebi will probe NSE primarily on two counts—adherence to compliance and technology and any potential laxities by the staff. It is also to be probed if there is any deliberate force acting behind such widespread trading disruption for such a long period," the person said.
Sebi may launch an in-depth investigation and initiate adjudication proceedings against NSE if any fault is found at the exchange level, the person said.
“It has to be examined whether the technology employed by NSE is strong enough or not and if it is in line with Sebi’s requirements," the person said.
He added that the regulator may also examine if NSE is struggling to handle the load due to the large concentration of trades in all product segments and whether any curtailment in products (traded on NSE) is required.
Category : SEBI | Comments : 0 | Hits : 255
A financial influencer, also known as finfluencer, who was also involved in imparting training related to stock market trading has been asked to part with a little over ?12 crore, which it made unlawfully. The funds are to be credited or deposited by Ravindra Balu Bharti into an interest-bearing escrow account that has been set up in a nationalised bank especially for that purpose. The regulator stated in an order that the escrow account(s) would establish a lien in favour of SEBI and that th...
The Securities and Exchange Board of India (Sebi), the country's market regulator, has announced the launch of an optional same-day (T+0) settlement cycle for a select group of 25 stocks starting March 28, as per a circular published on its website last Thursday. This new initiative, referred to as the beta version, is set to coexist with the traditional next-day (T+1) settlement cycle, where trades are settled within 24 hours of execution. The T+0 settlement option will be available for ...
Capital markets regulator Sebi on Thursday slapped a fine of Rs 48 lakh on eight entities, including promoters of United Polyfab Gujarat Ltd (UPGL), for manipulating the share prices of the company. These entities have to pay the penalty jointly and severally within 45 days, as per an order. The order came after Sebi conducted an investigation of UPGL and trading by certain entities in the scrip of the company, to ascertain whether there was any violation of the provisions of the PFUTP (Pr...
Sebi alerts investors about the growing trend of unregistered entities falsely claiming Sebi registration and offering unrealistic returns. Investors are advised to verify the registration status and consider the inherent risks associated with high-return investments. The Securities and Exchange Board of India (Sebi) has issued a warning to investors, cautioning them against investing money with unregistered entities that promise assured or exceptionally high returns on investments. This advi...
Capital markets regulator Sebi on Thursday issued orders of action against 15 guest experts of the Zee Business channel for unlawful trading. The entities made unlawful gains to the tune of Rs. 7.41 crore from such trades and the profit was shared with guest experts as per prior understanding, Sebi noted. The market regulator also asked the guest experts to pay Rs.7.41 crore. The guest experts appeared on the Zee Business channel from 1 February 2022 and 31 December 2022. "The facts of t...
Comments