Here is why investors are facing difficulty in trading on NSE, can't see details of funds today
Amid the implementation of a new circular, investors are facing difficulty while trading on the NSE (National Stock Exchange), Zee Business Special Correspondent Tarun Sharma said in his report quoting sources on Monday.
Amid the implementation of a new circular, investors are facing difficulty while trading on the NSE (National Stock Exchange), Zee Business Special Correspondent Tarun Sharma said in his report quoting sources on Monday.
He added that the portal is unable to show the details of the fund with the new circular coming into effect from May 02, 2022.
The Securities and Exchanges Board of India (SEBI) in July 2021 released a circular asking for a margin requirement of 50 per cent from futures and options traders to reduce risks in the system.
The markets regulator came up with this circular after a reported misuse of client collateral by trading members and the Karvy Stockbroking scam, wherein clients’ shares had been pledged illegally as collateral against a loan.
NSE पर ट्रेड करने में आ रही दिक्कत
फंड की डिटेल नहीं दिखा पा रहा है पोर्टल
आज नए सर्कुलर को लागू किया गया था
नए सर्कुलर में F&O स्टॉक पर बढ़ाया था मार्जिन
कुछ F&O स्टॉक पर बढ़ाया गया था मार्जिन#NSE | #Trading | #FnO pic.twitter.com/ygnfXQXWEe— Zee Business (@ZeeBusiness) May 2, 2022
Earlier, the implementation of this circular was deferred in February after several requests made by stakeholders to the market regulator. SEBI had postponed the implementation of the framework related to segregation and monitoring of collateral at client level to May 2, 2022.
It had said in a postponement circular, “Sebi has received requests from various stakeholders to further extend the aforesaid timeline. After consideration of the same, it has been decided that provisions of the said circular dated July 20, 2021 (apart from provisions of Paragraphs 4 and 5) shall come into force with effect from May 02, 2022.”
The new margin rules saw deadline extensions twice so far, as the rule was first to be implemented on December 1, 2021, which was later postponed to February 28, 2022. However, it eventually got implemented on Monday.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
If you make RDs of Rs 5,000, Rs 10,000, Rs 15,000, and Rs 20,000 in post office, what will be your maturity amount?
Special Live Trading Session on Saturday: Know why BSE, NSE will remain open on May 18; check timings
Top 7 SIP Mutual Funds in 1 Year: What Rs 10,000, Rs 15,000, and Rs 20,000 SIPs have given in each fund
RCB vs CSK IPL 2024 Ticket Booking Online: Where and how to buy RCB vs CSK tickets online - Check IPL Match 68 ticket price, other details
Women loco pilots speak about their struggle; many men have to be informed even for 'washroom break' in a moving train
Bandhan Bank Q4 FY24 Results Preview: PAT, interest income likely to grow in almost double digits; asset quality may improve
12:51 PM IST