1

15/4/2023

NSE

Penalty status whether procedural, minor or significant – important for institutional investors review

2

24/4/2023

SEBI

Proliferation of Unauthorized Electronic Trading Platforms

3

24/4/2023

SEBI

Implementation of Penalty on “Pre Trade Intraday Allocation “ from 2 May 2023 and state of preparedness for seamless real time allocation.

4

24/4/2023

MCX

Information regarding Status of NSEL Members viz Resignation, expulsion, SEBI/ SAT Order

5

26/4/2023

SEBI

Request for clarification on Reason Codes – requirement of 7 reason codes for implementation wef 2 May 2023

6

27/4/2023

NSE

Clarification on Client Code Modification

Sub Accounts Of Same FPI : An FPI client has more than one “sub accounts”, would modification between two sub accounts of same FPI be subject to Penalty?.

II. Custodian Settled FPI Clients of the Trading Member - Will the Trading Member be liable for penalty if the trades of FPI clients are settled by the Custodian

7

28/4/2023

MCX/ MCXCCL

COPY TO SEBI

Operational Challenges relating to Phase 3 of implementation of Segregation and Allocation of Collateral at Client Level at MCX  till upload via API is not available

8

4/5/2023

NSE CLEARING

Also to ICCL

FAQ ON SHORT ALLOCATION ( POST WEBINAR)

9

9/5/2023

MCXCCL

Issues being faced by members ( with respect to MCXCCL ) regarding Intraday Live Allocation

API, Slow response time affecting working capital, Rejection of  Entire File By MCX  CC  If There Is Error In Single Record

10

9/5/2023

NSE Clearing

Issues being faced by members ( with respect to NSE Clearing ) regarding Intraday Live Allocation

Reason Code 02 clarification ( peak margin shortfall if EPI is done wrt sale transaction), Securities re-pledged information (SEC_PLEDGE provided by NCL) is required at BOD , SNAPSHOT Timing for all CC should be same

11

9/5/2023

ICCL

Issues  ( with respect to ICCL) regarding Intraday Live Allocation

Allocation updates at Market opening hours is slow, Intraday Snapshot data ( at NSE & MCX)  contain information of client utilizing margins at the time of Snapshot

12

9/5/2023

NSE

Bifurcation of  Prop and Client in monthly transaction report required for reconciliation ( like earlier)

12

13

16/5/2023

SEBI

To condone the penalty on short allocation for May 2023

14

16/5/2023

MCXCCL

Members request for personal hearing in respect of penalties for 16 Dec 21 to 31 July 2022

15

16/5/2023

IFSCA , INX,NSE ISFC

Exemption from certain provisions of SEBI Circulars applicable to Stock Brokers operating in IFSC centre

16

17/5/2023

MCX/ MCXCCL

Members request for opportunity of personal hearing in respect of penalties levied regarding segregation and monitoring of collateral for period 16 December 2021 to 31 July 2022

17

18/5/2023

SEBI

Waiver of processing fee for surrender of membership of ICEX

18

22/5/2023

NCL

Request for Change of day of "Reporting of Bank Guarantees (BGs) created out of clients' funds " from Saturday EOD to subsequent Monday/ Tuesday

19

29/5/2023

NCL

No " false reporting penalty" penalty should be levied if collaterals had been correctly reported and those are not less than the minimum collectible margin and the unallocated amount is in the system

20

6/6/2023

MCX

Issue relating to City State Pin code data mismatch and UCC File Format 3) Permission to close inactive client accounts like other exchanges

21

12/6/2023

SEBI

Comments to SEBI on PUSTA

22

20/6/2023

SEBI

Comments to SEBI on Price Formulation for scrips in Equity Derivatives to strengthen volatility management and minimise information asymmetry

23

21/6/2023

SEBI

Request for extension of timeline of implementation of Upstreaming of client funds

24

27/6/2023

SEBI

SOS Request Upstreaming of Clients Funds- Concerns for Commodity Derivatives Market

25

6/7/2023

All MIIs & WTM

Aadhaar- PAN Seeding - Request for 1) a Harmonized and Uniform status of Aadhar- PAN Seeding  between Exchanges and Depositories 2) UCC activation pendency where it has been completed and uploaded 3) UCC activation for new clients pending  4) Position square off of open positions

26

15/7/2023

All MIIs & WTM

Request for including queries enclosed in FAQ on Upstreaming of Clients Funds by SB/ CM to CC ( GETTING THE FUNDS FROM CLIENTS POST 6 P.M,QUAERTRELY INTEREST ON FDR, Allocation cut off Timing on Running Account Settlement, Downstream cannot be 0 on settlemet days & 15 other)

27

17/7/2023

WTM, ED, NSE

Request to discontinue Enhanced Supervision Reporting due to its redundancy and as a measure of ease of doing business

28

19/7/2023

MD & CEO, CBO, NSE

Bifurcation of transaction charges in monthly statement- Proprietary and Client wise

29

28/7/2023

Chairperson, WTM,  NSE MD

Request for increasing the position limit of Trading members / FPIs (Category I) / Mutual Funds in Equity Index Option contracts and Equity Option Futures Contracts

30

14/8/2023

MCXCCL

Request for inclusion in Advisory Committee( Charges levied on per request for Immediate/ Intraday Cash Release,The downstreaming time should be till 10 p.m in line with ABC addition time permitted  till 11.30 pm)

31

10/8/2023

SEBI

CPAI Comments on CONSULTATION PAPER ON PRUDENTIAL NORMS FOR EXPOSURE of CLEARING CORPORATIONS

32

18/8/2023

MCX

Request for waiver of Processing Fee for Cancellation of Authorized Person

33

19/8/2023

NSE Clearing

Request to permit the transfer of surplus amount of BGs (after accounting for clients' funds) to Prop Margin

34

19/8/2023

nse/ clearing/ sebi

To discontinue day wise Client Level cash and cash equivalent reporting

35

19/8/2023

WTM & MDs of Exchanges

Exchanges / Depositories should provide to members - the list of active clients whose KYC are not found valid by KRA to protect interest of clients.

36

30/8/2023

WTM

SOS Request- Extension of timeline for validation of KYC data by KRA to protect interest of clients.

37

30/8/2023

NSE

Eligibility Criteria for Auditors for conducting Internal Audit of Trading/Clearing Members

38

31/8/2023

NSE

Request to consider issues relating to penalty on Upstreaming of Clients Funds to CC (  Some Banks have “ minimum threshold balance” requirement and penalize on not maintaining minimum balance in Account, No clear Definition of “ Legitimate Purpose”System failure in the banking channel leading to failure in upstreaming the funds to Clearing Corporation,Minimum Threshold Number Value of violation need to be specified in the penalty grid of part A

39

16/10/2023

MCX

Request for relaxation on margin lapses for wrong calculation of SPAN and margin at members 'end due to new Commodity Derivatives Platform

40

31/10/2023

NSE & CLEARING

FTP not working properly and affecting BOD processes at members' end

41

31/10/2023

CDMRD

Bank Guarantee / Fixed Deposit Receipt given by VCP/ Hedgers for Margin Purpose in Commodity Derivatives Segment only.

42

1/11/2023

Chairperson

Request to reconsider timing for Mahurat Trading on 12 November 2023 to daytime

43

3/11/2023

NSE

Note on Direct Payout to Clients ( implementation of direct payout must be simultaneous with
the facility to directly move CUSPA stock to payin by a valid instruction of the broker.
Making direct payout mandatory before the same will be against the interest of the
investors.)

44

3/11/2023

NSE

Members issues as discussed in the members meeting with NSE Team at Delhi ( 14 ISSUES including DNE, Quarterly settlement on Saturday,CC not updating Real Time segment movement of repledge securities and delay in providing re- pledge benefit , CUPSA & CUSA, Tenor of FDR, Discontinue Enhanced Supervision,Benefit against EPI should be immediate if completed by EOD as Prop Funds are anyways deployed and there are penalties in case EPI is falsely reported and not done at EOD Basis. Large amount of penalties for even small procedural errors, Annual Income Range of Clients should be taken by SEBI from Income Tax Department and shared with exchanges and depositories,API for limit enhancement in Corporate Manager

45

11/1/2023

Chairperson SEBI

Request for a meeting to discuss the recent development regarding NSEL Matter- SETTLEMENT SCHEME IN NSEL

46

16/1/2023

NSE

Members’ Requests for the Reversal of Penalties on Account of Technical Errors( RCA Validation from Vendor

47

18/1/2023

Chairperson SEBI

Request to withdraw Complaint dated 24.09.2018 and FIR dated 28.09.2018 filed by SEBI with the Economic Offences Wing, Mumbai ("EOW") in the matter of National Spot Exchange Limited ("NSEL")

48

29/11/2023

MCX

Request to review Revision in Process of Sharing of GST Invoice related documents between Buyer & Seller

49

13/12/2023

Chairperson, WTM,  NSE MD

Request to reconsider Trading Holidays to include 1 January 2024 , Monday , New Year Day

49

13/12/2023

MCX

Concerns expressed by Members regarding Trading Software (   Delay in Providing Day-End Files,Delay in End-of-Day (EOD) Allocation Response,Incorrect Short Allocation Files:,Miscommunication Regarding Excess Collateral Verification:)

51

19/2/2023

GIFT City Chairperson

Issues discussed during interaction with Office Bearers of CPAI on 14 February 2024 at PHD Chambers, Delhi

52

20/2/2023

GIFT City Chairperson

Addedndum to above letter to Gift/ IFSCA

53

22/2/2023

MCX

State - City Code - Penalties imposed on members due to mismatch

54

22/2/2023

GIFT City Chairperson

Request for Novel Category of Qualified Jewellers (QJ) for Silver & precious metals other than Gold to Participate in IIBX

55

26/2/2023

CDAC

Request for inclusion of Agenda Points for discussion during upcoming CDAC meeting (  Note on Operational framework of Portability of FDR collateral across CC,note on INTRODUCTION OF COLOCATION IN COMMODITIES EXCHANGES)

56

19/3/2024

SEBI , RBI, Exchanges

Request for clarification and FAQ on changes post RBI Circular applicable from 5 April
2024 regarding Currency Futures

57

19/3/2024

SEBI , RBI, Exchanges

Concern regarding possibility of registration fee/ any such fee on Interest Rate Futures