NSE 'unfair access' probe reaches critical stage

Findings of internal panel, completion of EY audit, reply to Sebi's notices slated for June

Markets regulator Securities and Exchange Board of India’s (Sebi’s) probe against the National Stock Exchange (NSE) in the preferential access controversy has reached a crucial stage. In June, the exchange will have to deal with the findings of an internal probe and a forensic audit by EY on its currency and cash segment.

Exchange will also have to reply to the show-cause notices issued by Sebi last week. The internal committee set up by the NSE to pin responsibility for the lapses at its co-location facility is expected to submit its report soon. The report will be first submitted to the