NSE keeps ₹6 Lacs financial disincentives in abeyance

Wallfort Financial Services Ltd announced that the National Stock Exchange of India Limited (NSE) has kept financial disincentives aggregating to ₹6,00,000/- (Rupees Six Lakh only) in abeyance. These penalties were previously levied on the company for specific trading errors related to the 'Error' account. The decision to keep the disincentives in abeyance follows advice from the Securities and Exchange Board of India (SEBI), which received representations from market participants. The abeyance will remain until further communication from SEBI regarding the rationalisation and standardisation of penalties on Trading Members.