Description
Update on market making compliance file dissemination procedures and requirements for trading members.
Summary
NSE has issued an update regarding market making compliance file dissemination procedures. This circular provides revised guidelines for trading members involved in market making activities regarding compliance file submission and dissemination requirements.
Key Points
- Updated procedures for market making compliance file dissemination
- Revised requirements for trading members engaged in market making
- Enhanced monitoring and surveillance measures for compliance
- Streamlined file submission processes
Regulatory Changes
The circular introduces updated procedures for:
- Compliance file dissemination protocols
- Market maker reporting requirements
- Surveillance monitoring enhancements
- File submission timelines and formats
Compliance Requirements
- Trading members must adhere to updated file dissemination procedures
- Ensure timely submission of compliance files as per revised guidelines
- Maintain proper documentation for market making activities
- Comply with enhanced surveillance measures
Important Dates
- Circular Date: August 8, 2025
- Implementation: As specified in the detailed circular
Impact Assessment
This update affects trading members engaged in market making activities by:
- Introducing revised compliance procedures
- Enhancing surveillance and monitoring capabilities
- Streamlining file dissemination processes
- Ensuring better regulatory oversight of market making activities
Impact Justification
Procedural update affecting market making compliance requirements