Unauthorized access to trading terminals barred; exchanges must enforce penalties and monitor subsidiaries to prevent illegal trading. Exchanges with subsidiaries must prevent members/sub brokers from providing unauthorized access or terminals for illegal trading by exercising vigilance and surveillance; where such conduct is detected, exchanges are to initiate penal action including fines and suspension of trading rights of the subsidiary/sub broker and must report remedial steps to the regulator and include them in the Monthly Development Report commencing August 2003.
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.
Unauthorized access to trading terminals barred; exchanges must enforce penalties and monitor subsidiaries to prevent illegal trading.
Exchanges with subsidiaries must prevent members/sub brokers from providing unauthorized access or terminals for illegal trading by exercising vigilance and surveillance; where such conduct is detected, exchanges are to initiate penal action including fines and suspension of trading rights of the subsidiary/sub broker and must report remedial steps to the regulator and include them in the Monthly Development Report commencing August 2003.
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