EY's findings are critical for the NSE's consent plea filed with market regulator Sebi in the co-location matter
Top stock exchange NSE has decided to discontinue advance collection of service charges, including transaction fee related to cash market, equity derivatives as well as currency derivatives segments, from this month. Besides, the exchange would not collect in advance annual charges for applications related to connectivity and co-location. The move is effective for all new requests from October 2017, a circular issued by NSE said. The exchange has decided to discontinue advance collection of service charges "to improve member experience and based on members' feedback". "Annual advance transaction charges shall be discontinued in cash market, F&O and CD segments," it said. As per the exchange, it "shall raise appropriate bills on the member at the end of each month for services consumed during that month". However, the exchange said interest free security deposits (IFSD) and one time charges, if any, wherever applicable would be collected in advance.
NSE chief Vikram Limaye said a listing by March would be 'very difficult', and a more realistic time frame would be the second half of next year
The exchange will remove ACC, Bank of Baroda, Tata Power and Tata Motors deferential voting rights
The leading bourse would report to the Sebi about the 48 companies after collecting the information
Sources said the NSE had not put any settlement amount in the consent application
She quit as the Managing Director and CEO of the country's premier bourse on December 2 last year
The banking sector was recently spooked by incidents of data breach and attempts of cyber-heist
Narain had put in his papers amid Sebi intensifying its probe into alleged lapses
The National Stock Exchange (NSE) is plans to settle the allegations of preferential access to certain brokers at its co-location facility through the so-called consent mechanism. The decision in this regard was taken at the exchange's board meeting held on Wednesday, said two people with the direct knowledge of the development.NSE will soon appoint lawyers through whom it will enter into talks with Sebi for a consent settlement, said a source.Under consent settlement, an alleged wrongdoer can settle proceedings with Sebi without admitting or denying guilt by paying a monetary penalty and, or following any other directions, such as suspension, directed by the regulator. This route helps avoid lengthy proceedings.The exchange is seen to settle the "unfair access" controversy in which it has been embroiled with the market regulator since 2015."The board was of the view that the organisation is suffering due to the overhang of the case. It decided it would be better to pay a monetary ...
Exchange aims to capture market share from global financial markets
Sebi has sought inputs and explanations on alleged lapses at the exchange
Leading bourse NSE has announced changes in five indices including Alpha 50, High Beta 50 and Low Volatility 50 as part of its quarterly review. Nifty 100 Low Volatility 30 and Nifty Midcap Liquid 15 index will also see changes. The changes will become effective from May 26, NSE said in a circular. Under the changes, Bank of India, Dewan Housing Finance Corporation, Federal Bank, Infibeam Incorporation, Lakshmi Vilas Bank, JM Financial, MRF, Natco Pharma, Sun TV Network, Mangalore Refinery & Petrochemicals and Rural Electrification Corporation will be included in Nifty Alpha 50 index. While Tata Motors, Tata Steel, Grasim Industries, Bharat Financial Inclusion, Capital First, GHCL, Godrej Consumer Products, Mahindra & Mahindra Financial Services, Marico, SRF and Sundram Fasteners will move out of the index. Further, Delta Corp, Edelweiss Financial Services and JM Financial will enter Nifty High Beta 50 index replacing Ashok Leyland, PTC India and Wockhardt. In the Nifty .
Nod for Rs 10,000-cr IPO after Sebi addresses issue, says Tyagi
Leading bourse NSE has decided to delist as many as 19 firms including Deccan Chronicle Holdings Ltd and Koutons Retail India Ltd from its platform from next month. This is in addition to 70 companies that were delisted by NSE in August and March. The National Stock Exchange said it has now "decided to delist (withdraw the admission to dealings in) equity shares of the following companies with effect from May 12, 2017 as per Chapter V of Sebi (Delisting of Equity Shares) Regulations, 2009". Chapter V of Sebi deals with compulsory delisting. The market regulator has been pushing for delisting of over 4,200 listed firms whose shares are not being traded. The companies to be delisted include Coral Hub, Evinix Accessories (currently known as Evinix Industries), Nuchem Ltd, Spanco Ltd, Parekh Platinum , Pasupati Fabrics, Pearl Engineering Polymers, Polar Industries, Vikash Metal & Power and Taksheel Solutions. Besides, NSE said, Koutons Retail, Ankur Drugs and Pharma, Ashco
The move follows changes in transaction charges by rival BSE
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A look at key sequence of events in the NSE unfair access issue
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