The Securities and Exchange Board of India vide its circular dated 24th June 2020, upon receiving requests from the stock exchanges has modified the existing OTR framework.
Under the modified guidelines, Stock exchanges may be permitted to introduce additional slabs up to OTR of 2000 (from existing OTR of 500), and for OTR more than 2000. Such slabs can be introduced with a deterrent incremental penalty, which stock exchanges may decide jointly.
On the third instance of OTR being 2,000 or more, in the last 30 days (rolling basis), the concerned member will not be permitted to place any orders for the first 15 minutes on the next trading day as a cooling off action.
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