NSE clarification regarding Penalties at NCL


NSE vide circular dated February 05,2024 has announced introduction of new functionality, “Penalties at NCL” menu on member portal where details of penalties levied by various departments of NCL are being made available. Under the “Penalties at NCL” menu members can view the following penalties levied by NCL:

  1. Penalty for Non-Submission
  2. Penalty for Modification and Delayed Submission
  3. Penalty for Client Margin/Short Allocation

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