Advertisement
Sunday, Oct 17, 2021
Outlook.com
Outlook.com

Sebi fines NSE, Ramakrishna, Narain in co-location case

Sebi fines NSE, Ramakrishna, Narain in co-location case
outlookindia.com
1970-01-01T05:30:00+0530
New Delhi, Feb 10 (PTI) In the high profile co-location matter, markets regulator Sebi on Wednesday imposed a penalty of Rs 1 crore on the National Stock Exchange (NSE) for failing to ensure a level-playing field for trading members subscribing to its tick-by-tick (TBT) data feed system.

In addition, the regulator levied a fine of Rs 25 lakh each on NSE''s former managing directors and chief executive officers Chitra Ramakrishna and Ravi Narain, according to a Sebi order.

Sebi said that NSE flouted the principles underlying the conduct of business of a stock exchange, pertaining to fair and equitable access to information.

The NSE has failed to comply with the provisions of SECC Regulations in letter and spirit and Ramakrishna and Narain are vicariously liable for the acts of omissions/ commissions committed by the exchange during the investigation period, Sebi said in the order. PTI SP MR


Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI

More from Website

'The Batman' Releases New Trailer; Michael Keaton Returns As The Caped Crusader In ‘The Flash’

'The Batman' Releases New Trailer; Michael Keaton Returns As The Caped Crusader In ‘The Flash’

The full-length trailer of the upcoming film ‘The Batman’ starring Robert Pattinson and the teaser for the upcoming film ‘The Flash’ were released at the ongoing DC FanDome 2021.

India- Sri Lanka Joint Military Exercise Is Likely To Promote Synergy, Interoperability: Indian Army

India- Sri Lanka Joint Military Exercise Is Likely To Promote Synergy, Interoperability: Indian Army

On Friday, Chief of Army Staff Gen Manoj Mukund Naravane witnessed the culmination of the exercise and lauded the troops of both contingents for their high standards of training and professionalism.

Russia's Daily COVID-19 Deaths Top 1,000 For First Time

Russia's Daily COVID-19 Deaths Top 1,000 For First Time

Russian authorities have tried to speed up the pace of vaccinations with lotteries, bonuses and other incentives, but widespread vaccine skepticism and conflicting signals from officials stymied the efforts.

More from Outlook Magazine

An Unfolding Dalit Movement In Tamil Nadu Has Escaped Nation’s Attention

An Unfolding Dalit Movement In Tamil Nadu Has Escaped Nation’s Attention

Poet and activist Meena Kandasamy visits ground zero of the grassroots movement down South to understand the caste divide in the state.

India Needs A Caste Census To Know Where The Marginalised Stand In The Development Index

India Needs A Caste Census To Know Where The Marginalised Stand In The Development Index

The aim of a caste census is not to know the numerical strength of a caste. Rather, it would reveal social inequalities for possible remedial measures.

Lakhimpur Kheri: Heartbreak And Tears As Families Try To Cope With Personal Grief

Lakhimpur Kheri: Heartbreak And Tears As Families Try To Cope With Personal Grief

Kin of killed farmers, BJP members have the same demand—justice for the dead.

Advertisement

Outlook Newsletters

Advertisement
Advertisement