Mandatory Insurance Cover for the Period 2019-2020

May 30, 2019 | by Avantis RegTech Legal Research Team

The National Stock Exchange (NSE) on May 29, 2019, has mandate an insurance cover for every trading member.

Therefore, trading members are requested to ensure that their Stock Brokers Indemnity Policy is in order for the period 2019-20 with effect from June 01, 2019. Trading Members are required to submit the details for the same through Electronic NSE Interface for Trading Members (ENIT) on or before July 31, 2019. Further, trading members who hold Stock Brokers Indemnity Policy expiring on any date other than May 31, 2019 will be granted a period of one month from the expiry date to submit the details of renewed policy.  

[Clircular No. 19/2019 (NSE/COMP/41138)]

Click here to download the Circular.


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