Description

NSE Clearing Limited has declared 4A Securities Limited (SEBI Reg. No. INZ000246535) as a defaulter effective April 02, 2026, pursuant to the member being declared a defaulter by another Exchange/Clearing Corporation.

Summary

NSE Clearing Limited has officially declared 4A Securities Limited (SEBI Registration No. INZ000246535) as a defaulter effective April 02, 2026. This action is taken under SEBI Circular No. SEBI/MIRSD/Master Cir-04/2010 dated March 17, 2010, following the member being declared a defaulter by another Exchange or Clearing Corporation.

Key Points

  • 4A Securities Limited (SEBI Reg. No. INZ000246535) has been declared a defaulter by NSE Clearing Limited
  • The effective date of default declaration is April 02, 2026
  • The declaration is triggered by the member’s prior default declaration at another Exchange/Clearing Corporation
  • Governed by SEBI Circular No. SEBI/MIRSD/Master Cir-04/2010 dated March 17, 2010
  • All Clearing Members are instructed to take note of this declaration

Regulatory Changes

No new regulatory framework is introduced. The action is executed under the existing SEBI Circular No. SEBI/MIRSD/Master Cir-04/2010 (dated March 17, 2010), which governs the process for declaring clearing members as defaulters when they have been similarly declared by other exchanges or clearing corporations.

Compliance Requirements

  • All Clearing Members must take note of 4A Securities Limited’s defaulter status
  • Members should review and manage any open positions or obligations with 4A Securities Limited
  • Members must ensure no new clearing or settlement arrangements are entered into with the defaulter without appropriate safeguards
  • For queries, members may contact NSE Clearing at membership@nsccl.co.in or call 1800 266 0050 (IVR Option 2)

Important Dates

  • April 02, 2026: Effective date of default declaration for 4A Securities Limited
  • March 17, 2010: Date of underlying SEBI Circular No. SEBI/MIRSD/Master Cir-04/2010 under which this action is taken

Impact Assessment

The declaration of 4A Securities Limited as a defaulter has high operational and market impact. All open trades and settlement obligations of the defaulting member will need to be resolved by NSE Clearing Limited. Counterparty clearing members with exposure to 4A Securities Limited may face settlement risks or delays. The cascading default — triggered by a prior declaration at another exchange — underscores systemic risk considerations. Market participants are advised to promptly review any exposure to this entity and follow NSE Clearing’s instructions for handling pending obligations.

Impact Justification

Declaration of a clearing member as defaulter has significant market implications, affecting counterparty obligations and settlement responsibilities for all connected trades.