The National Stock Exchange of India Limited on 11th November 2022, has directed the Trading Members to comply with any non-compliance / non-conformities (NCs) observed in the System Audit and Cyber Security and Cyber Resilience Audit reports by submitting an Action Taken Report (ATR) and/or Follow-on audit report, if applicable.
The penalty/disciplinary action(s) with respect to any delay or non-submission of Action Taken Report (ATR) and/or Follow-on audit report shall be Rs. 2,500/- per day for 1st week after due date and Charges of Rs. 5000/- per day from second week after due date.
In case of non-submission within three weeks from the due date of submission, New client registration to be prohibited and notice of 7 days for disablement of trading facility till submission of data/report. The disablement notice issued to the member shall be shared with all the Exchanges for information.In case of non-submission within four weeks from the due date of submission, Member shall be disabled in all segments till submission of data/report.
Further, In case of a repeat instance by the Member, levy of applicable monetary penalty along with an escalation of 50%. In case of non-submission for within three weeks from the due date of submission, New client registration to be prohibited and notice of 7 days for disablement of trading facility till submission of data/report. The disablement notice issued to the member shall be shared with all the Exchanges for information.
