Sebi sends notices to NSE, bourse executives for trading halt on Feb 24

NSE submitted a reported on the incident to Sebi and paid a penalty of Rs 25 lakh in July.

The Securities and Exchange Board of India (Sebi) has issued show-cause notices to the National Stock Exchange and some NSE employees for a hardware failure that halted trading at India’s largest bourse on February 24.

“Sebi has issued a show cause notice on August 11, 2021 to NSE and some of its employees alleging non-compliance with certain paragraphs of Sebi circular dated October 8,2015, September 13,2017, March 26, 2019 and Regulation 12(6) read with Regulation 7(3)(a) and 7(3)(c) of SECC Regulation 2018. In this regard, the company has taken necessary remedial actions and has also made necessary filing with Sebi,