Client code corrections post-trade permitted for genuine entry errors; exchanges must set objective parameters and penalties. Modifications to client code after trade execution are allowed solely for genuine errors or wrong data entry. Exchanges must set objective parameters, obtain Governing Board approval, disclose those parameters to trading members, and impose monetary penalties plus disciplinary action for non-compliance. Trading members must include verification of such modifications in internal audit reports. The circular is issued under SEBI's regulatory powers to protect investors and promote market regulation and is effective from the date of issue.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Client code corrections post-trade permitted for genuine entry errors; exchanges must set objective parameters and penalties.
Modifications to client code after trade execution are allowed solely for genuine errors or wrong data entry. Exchanges must set objective parameters, obtain Governing Board approval, disclose those parameters to trading members, and impose monetary penalties plus disciplinary action for non-compliance. Trading members must include verification of such modifications in internal audit reports. The circular is issued under SEBI's regulatory powers to protect investors and promote market regulation and is effective from the date of issue.
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