sebi:Order/BM/GN/2022-23/24250
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Facts / Headnote
Violation of 2nd and 3rd clause of ToR of MCSGFC under SEBI circular dated January 10, 2019 found; penalty of Rs. 6,00,000 imposed under Section 15HB of SEBI Act, 1992; other UCC/KYC allegations not established
Provisions invoked
- s. 11
- s. 15
- s. 19
- s. 15H
- s. 15J
- s. 28A
- s. 23
- s. 23H
Regulations
- Reg. 7
- Reg. 29
- Reg. 7(3)(e)
- Reg. 12(5)
Parties
- MCX
Holding
MCX violated the 2nd and 3rd clause of the ToR of the Member and Core Settlement Guarantee Fund Committee prescribed in Annexure A of SEBI circular dated January 10, 2019 by shifting the relevant authority from MCSGFC to MD&CEO, and was held liable to a penalty of Rs. 6,00,000 under Section 15HB of the SEBI Act, 1992.
Full text
Adjudication Order in the matter of Trading in MCX by Sikkim based clients Page 2 of 58 APPOINTMENT OF ADJUDICATING OFFICER
Adjudication Order in the matter of Trading in MCX by Sikkim based clients Page 3 of 58 SEBI’s Observations UCC Database & KYC mapping by Exchange
Adjudication Order in the matter of Trading in MCX by Sikkim based clients Page 4 of 58 aforementioned newspaper articles and various enforcement bodies initiated their examination on the matter, as per abovementioned newspaper articles.
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Source: SecMarx — sebi:Order/BM/GN/2022-23/24250. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.