NSE Amends Rules On Application For Quotations

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Thursday, August 29, 2019/06:08PM /NSE

Rule Amendments:

Legend: Additions underlined, deletions struck through

Rule 1.11: Dealing Member to Sponsor Application for Quotations

1.11.1  Every Any application for a the listing and quotation of securities on The Exchange must shall be sponsored by a Dealing Member and made in accordance with the Listing Requirements as prescribed by the Council from time to time.

1.11.2 Prior to submitting an application, each Dealing Member shall:

(a) Obtain The Exchange's checklist of listings requirements as applicable, and carry out a full compliance review of the requirements; and

(b) Append its signature to The Exchange's checklist of listings requirements, to confirm that every requirement therein has been satisfied; and

(c) Attach the signed checklist to the application.

1.11.3 Where The Exchange observes any breach of the foregoing, The Exchange may issue a deficiency letter to the Dealing Member which shall be copied to the issuer. impose all or any of the following penalties:

(a) Issuance of a deficiency letter to the Dealing Member which shall be copied to the Issuer;

(b) Censure of the Dealing Member by publishing its name in The Exchange's Broker Trax. 

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