№ lp_2_1_08363
Policy document detailing procedures, conditions, and penalty structures for correcting client code errors in non-institutional trades on the Exchange, including criteria for acceptance, monitoring, and disciplinary actions.
Year: 2011
Regulator: SEBI
Stock Exchange: National Stock Exchange (NSE)
Document Type: Policy
Organization: ISL
Audience: Dealers, Branch In-Charge, Compliance Officer, Sub-brokers, Authorized Persons
Effective Date: August 1, 2011
Related Circulars: SEBI CIR/DNPD/6/2011 dated July 5, 2011; NSE/INVG/2011/18281, 18484, 18716
Scope: Non-institutional trades client code modifications
Penalties: 1% if ≤5% modified trades, 2% if >5% modified trades
Approval Required: Senior Management and Compliance Officer
Error Account Code: ERROR
Price: 8 / 10 USD
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