The National Stock Exchange of India vide its circular dated 26th May 2022, has advised the trading members to ensure that their Stock Brokers Indemnity Policy is in order for the FY 2022-23. Trading Members whose Stock Brokers Indemnity Policy is expiring on May 31, 2022 are required to submit the details for the same through ENIT (Electronic NSE Interface for Trading Members) on or before July 31, 2022.
Further, the trading members who hold Stock Brokers Indemnity Policy expiring on any date other than May 31, 2022 will be granted a period of one month from the expiry date to submit the details of renewed policy. Failure to submit the details on ENIT within the prescribed timelines, would be treated as non-compliance and attract a levy of late submission charges of Rs.1, 000/- per day till the
The members shall note that the Submissions of details of Stock Brokers Indemnity Policy is required to be made only in electronic format through ENIT and Members opting for the Stock Brokers Indemnity Policy through ANMI and BBF need not submit the details of Stock Brokers Indemnity Policy through ENIT.
