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

Penalty Structure for failure to implement framework for trading members to provide the facility of voluntary freezing / blocking of Trading Accounts

16-Aug-2024 | Circular Ref. No: 53/2024

NSE has issued a circular in reference to Exchange Circular No. NSE/INSP/61529 dated April 08, 2024 and NSE/INSP/60277 dated January 16, 2024 on "Framework for Trading Members to provide the facility of voluntary freezing/blocking the online access of the trading account to their clients" and Ease of Doing Investments by Investors - Facility of voluntary freezing/ blocking of Trading Accounts by Clients, respectively. Vide this circular, a penalty structure is formulated for any non-compliance of the provisions of the aforementioned circulars.

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