NSE Circular on - List of violations and Disciplinary Action on Authorised Person observed during Inspection

[secmarkupdates]

Cracking your trading password can be easier than it appears. 

 Date of Issue: 10-10-2025  
           
Issuer: NSE

List of violations and Disciplinary Action on Authorised Person observed during Inspection

Highlights of NSE Circular dated October-10-2025

This has reference to Exchange Circular No. NSE/COMP/63628 dated August 28, 2024, regarding the Framework for supervision of Authorised Persons (APs) & Branches by Trading Members wherein the minimum / indicative scope, criteria and guidelines of AP Inspections, along with indicative methodology was provided by the Exchange.

In addition to the above, the Exchanges have jointly specified the indicative disciplinary actions to be applied by Trading Members against their Authorised Persons (APs) in cases of non-compliance identified during AP inspections. However, while taking action against APs, the Trading Members shall consider the nature and significance of the non-compliance observed during inspection of APs and take appropriate actions over and above the indicative disciplinary actions specified by Exchanges as Trading Members are accountable for all acts of omission and commission of the authorized person Areas of violations are categorized into A, B and C and for each category indicative action is prescribed in attached circular. 

The detailed list of inspection areas and its categorization is attached as Annexure A.

All Members are advised to take note of the above and ensure strict compliance with the above.

In case of any clarification or assistance required in the implementation of this circular, you may contact :   

Kaushik Jethwa - kau...@secmark.in/ 9870210171