Description

NSE approves surrender of CD & IRF segment membership by Prabhat Financial Services Ltd. effective August 12, 2025.

Summary

NSE has approved the request of Prabhat Financial Services Ltd. (SEBI registration number INZ000169433) to surrender its trading membership in the CD (Currency Derivatives) and IRF (Interest Rate Futures) segments, effective August 12, 2025.

Key Points

  • Member: Prabhat Financial Services Ltd.
  • SEBI Registration: INZ000169433
  • Surrendered Segments: CD (Currency Derivatives) & IRF (Interest Rate Futures)
  • Approval Date: August 12, 2025
  • All NSE members have been notified of this change

Regulatory Changes

No regulatory changes introduced. This is an administrative approval of a member’s voluntary surrender request.

Compliance Requirements

All NSE members are requested to take note of this membership change for their records and operations.

Important Dates

  • August 12, 2025: Surrender approval date for CD & IRF segments
  • August 19, 2025: Circular notification date

Impact Assessment

Minimal market impact as this involves only one trading member’s voluntary surrender of specific segment memberships. Other members should update their records but no operational changes required.

Impact Justification

Administrative notice about single member's segment surrender with limited market impact