SEBI passes Unprecedented Orders against NSE in Co-location Matter

Bar & Bench May 1 2019
SEBI

By Vaneesa Agrawal

Background

On April 30, 2019, SEBI passed five orders against National Stock Exchange (“NSE”) and others. While one order has directed NSE to disgorge an amount of Rs.624.89 crores (along with interest), another order has directed NSE to disgorge an amount of 62.58 Crores (along with interest). Other directions against NSE include a ban on NSE from accessing the securities markets and ban on launching new derivative products for six months.

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