INSUBCONTINENT EXCLUSIVE:
development.
The capital markets regulator has issued a show-cause notice in the matter on December 16 and has summoned exchange officials
to submit all the relevant records for inspection
NSE is already contesting a Sebi order penalising it for allegedly giving a few traders and firms preferential access to its servers at the
Securities Appellant Tribunal (SAT).
The current probe involves leaks that happened during the period between 2011 and 2015 when Chitra
NSE in technology related matters including its colocation policy, minutes of board meetings etc
NSE declined to comment on the matter
An email sent to Sebi remained unanswered.
NSE has filed a consent petition in the matter, said another person cited above
Consent is a settlement mechanism through which alleged violations can be settled by paying fees to Sebi
rejected the consent application of NSE in the colocation matter
In April 2019, the regulator passed orders penalising NSE and some top and former officials.
In the current case, the violations fall under
him the group operating officer, said one of the people familiar with the matter.
The fresh show cause notices sent to NSE come at a time
when the exchange is planning to revive its initial public offering (IPO) plans
In its April 2019 order against NSE
, Sebi had banned the exchange from accessing capital markets for six months, a timeline that ended in
October.
When NSE filed for its IPO in 2017, the market regulator had rejected the IPO application citing pending litigation in colocation