The National Stock Exchange (NSE) on August 21, 2026, notified regarding the Action taken report for observations reported in the inspection of Authorised Persons.
NSE has prescribed timelines for trading members to take disciplinary action against Authorised Persons (APs) for non-compliances identified during AP inspections, with reference to Exchange Circular No. NSE/INSP/70751 dated October 10, 2025. Trading members are required to take the prescribed disciplinary action within 2 months from the end of the relevant quarter and submit the Action Taken Report (ATR), along with the status of closure of observations, within 3 months from the end of the quarter. For example, for the April–June quarter, disciplinary action shall be completed by August 31 and the ATR submitted by September 30. However, where termination of an AP is prescribed, the disciplinary action shall be taken within 7 days from receipt of the AP inspection report or identification of the non-compliance. The requirements will apply to AP inspection reports for the July–September 2026 quarter onwards, while operational guidelines for ATR submission will be issued separately.
[Notification no. - NSE/COMP/75878]
