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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

NSE - Ease of Doing Business - Rationalization and Standardization of penalties levied on Trading Members

10-Oct-2025 | NSE/INSP/70746

NSE has issued a circular regarding the rationalisation and standardisation of penalties levied on Trading Members for the ease of doing business.

By virtue of this circular,
1. The list of violations / non-compliances, their classification and the corresponding prescribed actions which are approved by SEBI has been specified in Annexure-1.
2. The provision of this notice shall be applicable to:
a. all the cases which are under process, all the non-compliance identified or determined after the date of the circular,
b. cases where the date of violation is after the issuance of this circular, and
c. all submission-based compliances where the due date falls after the date of the notice.
3. The amount collected in the form of penalties and financial disincentives is credited to the Investor Protection Fund Trust (IPFT) of the Exchange.
4. In the case where the penal actions / financial disincentives are not prescribed in Annexure-1, the existing process of placing matters before MC will continue to be followed for any action like disablement of terminals, suspension, expulsion, declaration of default and any other critical violations deemed fit by the Committee.

Kindly refer to the attached document for more information.

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