INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Capital markets regulator Sebi has served a show-cause notice on NSE in the co-location case, ETNOW reported on Wednesday
The regulator had begun probe into the matter in May 2017.
Investigations have revealed a breach of systems at NSE and grant of unfair
The Sebi notice alleged a violation of Securities Contract Regulation Act (SCRA) and Fraudulent and Unfair Trade Practices (FUTP)
Statements of 100 individuals were recorded as part of the probe
Similar show-cause notices were also issued against a few former senior NSE employees
On June 21, Sebi had initiated enforcement actions against various entities in the case.
The watchdog has been probing alleged lapses in
have initiated enforcement actions," Sebi Chairman Ajay Tyagi had said after a board meeting last month.
The regulator was probing
application in the case due to the ongoing investigation.
The exchange's Rs 100 billion IPO has been delayed because of the probe
Earlier, Sebi had issued show-cause notices to several individuals and the exchange and probed the role of some brokers.
